Innodata (INOD) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	INNODATA INC
Entity Central Index Key	903,651
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	INOD
Entity Common Stock, Shares Outstanding		25,623,832

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 17,277	$ 24,908
Accounts receivable, net	9,695	9,249
Prepaid expenses and other current assets	3,081	2,900
Deferred income taxes	418	282
Total current assets	30,471	37,339
Property and equipment, net	5,384	4,723
Other assets	2,349	2,330
Deferred income taxes	1,379	1,382
Intangibles, net	8,582	3,987
Goodwill	2,748	1,476
Total assets	50,913	51,237
Current liabilities:
Accounts payable	1,465	1,250
Accrued expenses	4,783	3,312
Accrued salaries, wages and related benefits	5,955	4,905
Income and other taxes	1,320	1,255
Current portion of long term obligations	1,421	1,582
Deferred income taxes	0	76
Total current liabilities	14,944	12,380
Deferred income taxes	701	716
Long term obligations	4,045	3,436
Commitments and contingencies
Non-controlling interests	(3,557)	(3,507)
STOCKHOLDERS’ EQUITY:
Serial preferred stock; 5,000,000 shares authorized, none outstanding	0	0
Common stock, $.01 par value; 75,000,000 shares authorized; 27,305,000 shares issued and 25,624,000 outstanding at September 30, 2016 and 27,069,000 shares issued and 25,445,000 outstanding at December 31, 2015	273	270
Additional paid-in capital	25,624	24,590
Retained earnings	13,383	17,924
Accumulated other comprehensive income (loss)	122	(84)
Stockholders' Equity before Treasury Stock, Total	39,402	42,700
Less: treasury stock, 1,681,000 shares at September 30, 2016 and 1,624,000 shares at December 31, 2015, at cost	(4,622)	(4,488)
Total stockholders' equity	34,780	38,212
Total liabilities and stockholders' equity	$ 50,913	$ 51,237

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Serial preferred stock, shares authorized	5,000,000	5,000,000
Serial preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	27,305,000	27,069,000
Common stock, shares outstanding	25,624,000	25,445,000
Treasury stock, shares	1,681,000	1,624,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues	$ 16,060	$ 15,135	$ 47,400	$ 43,000
Operating costs and expenses:
Direct operating costs	12,422	10,452	35,572	32,567
Selling and administrative expenses	5,105	3,941	14,469	12,354
Change in fair value of contingent consideration	1,038	0	1,038	0
Interest expense (income), net	15	6	44	(39)
Totals	18,580	14,399	51,123	44,882
Income (loss) before income taxes	(2,520)	736	(3,723)	(1,882)
Provision for income taxes	352	462	1,128	763
Net income (loss)	(2,872)	274	(4,851)	(2,645)
Loss attributable to non-controlling interests	106	132	310	412
Net income (loss) attributable to Innodata Inc. and Subsidiaries	$ (2,766)	$ 406	$ (4,541)	$ (2,233)
Income (loss) per share attributable to Innodata Inc. and Subsidiaries:
Basic and diluted	$ (0.11)	$ 0.02	$ (0.18)	$ (0.09)
Weighted average shares outstanding:
Basic and diluted	25,651	25,455	25,514	25,377
Comprehensive loss:
Net income (loss)	$ (2,872)	$ 274	$ (4,851)	$ (2,645)
Pension liability adjustment, net of taxes	(83)	10	(247)	30
Change in fair value of derivatives, net of taxes	(39)	(426)	207	57
Foreign currency translation adjustment, net of taxes	(118)	(393)	246	(813)
Other Comprehensive income (loss)	(240)	(809)	206	(726)
Total Comprehensive loss	(3,112)	(535)	(4,645)	(3,371)
Comprehensive loss attributed to non-controlling interest	106	132	310	412
Comprehensive loss attributable to Innodata Inc. and Subsidiaries	$ (3,006)	$ (403)	$ (4,335)	$ (2,959)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flow from operating activities:
Net loss	$ (4,851)	$ (2,645)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	2,200	2,113
Stock-based compensation	729	800
Deferred income taxes	(289)	(218)
Pension cost	100	397
Change in fair value of contingent consideration	1,038	0
Changes in operating assets and liabilities:
Accounts receivable	487	1,152
Prepaid expenses and other current assets	(78)	111
Other assets	(272)	69
Accounts payable and accrued expenses	(1,092)	(86)
Accrued salaries, wages and related benefits	985	566
Income and other taxes	(80)	7
Net cash provided by (used in) operating activities	(1,123)	2,266
Cash flow from investing activities:
Capital expenditures	(2,051)	(466)
Acquisition of business	(4,052)	0
Net cash used in investing activities	(6,103)	(466)
Cash flow from financing activities:
Payment of long term obligations	(419)	(848)
Purchase of treasury stock	(134)	(100)
Net cash used in financing activities	(553)	(948)
Effect of exchange rate changes on cash and cash equivalents	148	(147)
Net increase (decrease) in cash and cash equivalents	(7,631)	705
Cash and cash equivalents, beginning of period	24,908	24,216
Cash and cash equivalents, end of period	17,277	24,921
Supplemental disclosure of cash flow information:
Cash paid for income taxes	928	768
Common stock issued for MediaMiser acquisition	$ 569	$ 0

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2014	$ 39,223	$ 268	$ 22,780	$ 20,750	$ (287)	$ (4,288)
Balance (in shares) at Dec. 31, 2014		25,337
Net loss	(2,233)	$ 0	0	(2,233)	0	0
Stock-based compensation	800	0	800	0	0	0
Stock Issued During Period Value Stock Options Exercised1	486	$ 2	484	0	0	0
Number of Options, Exercised (in shares)		187
Pension liability adjustments, net of taxes	30	$ 0	0	0	30	0
Foreign currency translation adjustment, net of taxes	(813)	0	0	0	(813)	0
Change in fair value of derivatives, net of taxes	57	0	0	0	57	0
Purchase of treasury stock, Value	(100)	$ 0	0	0	0	(100)
Purchase of treasury stock, Shares		(40)
Balance at Sep. 30, 2015	37,450	$ 270	24,064	18,517	(1,013)	(4,388)
Balance (in shares) at Sep. 30, 2015		25,484
Balance at Dec. 31, 2015	38,212	$ 270	24,590	17,924	(84)	(4,488)
Balance (in shares) at Dec. 31, 2015		25,445
Net loss	(4,541)	$ 0	0	(4,541)	0	0
Stock-based compensation	729	0	729	0	0	0
Stock Issued During Period Value Stock Options Exercised1	569	$ 3	566	0	0	0
Number of Options, Exercised (in shares)		236
Acquisition of non-controlling interest	(261)	$ 0	(261)	0	0	0
Pension liability adjustments, net of taxes	(247)	0	0	0	(247)	0
Foreign currency translation adjustment, net of taxes	246	0	0	0	246	0
Change in fair value of derivatives, net of taxes	207	0	0	0	207	0
Purchase of treasury stock, Value	(134)	$ 0	0	0	0	(134)
Purchase of treasury stock, Shares		(57)
Balance at Sep. 30, 2016	$ 34,780	$ 273	$ 25,624	$ 13,383	$ 122	$ (4,622)
Balance (in shares) at Sep. 30, 2016		25,624

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Business Description and Accounting Policies [Text Block]	1. Description of Business and Summary of Significant Accounting Policies Description of Business- Innodata Inc. (the “Company”) is a global digital services and solutions company. The Company’s technology and services power leading information products and online retail destinations around the world. The Company’s solutions help prestigious enterprises harness the power of digital data to re-imagine how they operate and drive performance. The Company serves publishers, media and information companies, digital retailers, banks, insurance companies, government agencies and many other industries. The Company operates in three reporting segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). DDS was formerly known as Content Services. The Company’s DDS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the following broad business requirements: development of digital content (including e-books); development of new digital information products; and operational support of existing digital information products and systems. The Company’s IADS segment designs and develops new capabilities to enable clients in the financial services, insurance, medical and healthcare sectors to improve decision-support through digital technologies. IADS operates through two subsidiaries: Synodex offers a range of services for healthcare, medical and insurance companies, and docGenix provides services to financial services institutions. As of September 30, 2016, Innodata owned 91 94 The Company’s MIS segment provides media monitoring and analysis software and professional services for organizations of all sizes. Through innovative web-based and mobile solutions, MIS reduces the time and effort it takes to gather, analyze and distribute valuable business intelligence extracted from traditional and social media sources. Through Bulldog Reporter, MIS provides PR industry newsletters, a journalist database, media intelligence and professional development programs. The Company’s MIS segment operates through its MediaMiser, Bulldog Reporter and Agility subsidiaries. In July 2016, the MediaMiser subsidiary acquired Agility from PR Newswire under an asset purchase agreement. Agility is a leading global media contact database and media monitoring platform that helps customers target key influencers, amplify content and measure impact. The solution is offered as software-as-a-service (SaaS). MediaMiser acquired Agility to foster growth in North America and Europe by bolstering MediaMiser’s media intelligence solutions and media databases, improving its media outreach capabilities, and delivering stronger, more data-powered media intelligence to clients. With the acquisition of Agility, MediaMiser is now one of only a handful of companies able to offer a global media contact dataset with integrated workflows for distribution, monitoring and measurement. Basis of Presentation -The condensed consolidated financial statements for the interim periods included herein are unaudited; however, they contain all adjustments (consisting of only normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company as of September 30, 2016, the results of its operations and comprehensive loss for the three and nine months ended September 30, 2016 and 2015, and cash flows and stockholders’ equity for the nine months ended September 30, 2016 and 2015. The results of operations for the interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2015, included in the Company's Annual Report on Form 10-K. Unless otherwise noted, the accounting policies used in preparing these condensed consolidated financial statements are the same as those described in the December 31, 2015 consolidated financial statements. Principles of Consolidation -The consolidated financial statements include the accounts of Innodata Inc. and its wholly-owned subsidiaries, MediaMiser, a corporation in which the Company owns substantially all of the economic interest, and the Synodex and docGenix limited liability companies that are majority-owned by the Company. The non-controlling interests in the Synodex and docGenix limited liability companies are accounted for in accordance with Financial Accounting Standards Board (FASB) non-controlling interest guidance. All significant intercompany transactions and balances have been eliminated in consolidation. Use of Estimates -In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, 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. Actual results could differ from those estimates. Significant estimates include those related to revenue recognition, allowance for doubtful accounts and billing adjustments, long-lived assets, intangible assets, goodwill, valuation of deferred tax assets, valuation of securities underlying stock-based compensation, litigation accruals, pension benefits, purchase price allocation of the assets acquired in the acquisition of Agility, valuation of derivative instruments and estimated accruals for various tax exposures. Foreign Currency Translation -The functional currency for the Company’s production operations located in the Philippines, India, Sri Lanka and Israel is the U.S. dollar. Transactions denominated in Philippine pesos, Indian and Sri Lankan rupees and Israeli shekels are translated to U.S. dollars at rates which approximate those in effect on transaction dates. The functional currency of the foreign subsidiaries located in Germany, Canada and United Kingdom are the euro, Canadian dollar and pound sterling, respectively. The financial statements of these subsidiaries are reported in these respective currencies. Financial information is translated from the applicable functional currency to the U.S. dollar (the reporting currency) for inclusion in our condensed consolidated financial statements. Income, expenses and cash flows are translated at weighted average exchange rates prevailing during the fiscal period, and assets and liabilities are translated at fiscal period-end exchange rates. Resulting translation adjustments are included as a component of accumulated other comprehensive income (loss) in stockholders' equity. Foreign exchange transaction gains or losses are included in direct operating costs in the accompanying condensed consolidated statements of operations and comprehensive loss. Revenue Recognition -For the DDS segment, revenue is recognized based on the quantity delivered or resources utilized, the period in which services are performed and delivered. Revenues for contracts billed on a time-and-materials basis are recognized as services are performed. Revenues under fixed-fee contracts, which are not significant to the overall revenues, are recognized on the percentage of completion method of accounting, as services are performed or milestones are achieved. For the IADS segment, revenue is recognized primarily based on the quantity delivered and the period in which services are performed and deliverables are made as per contracts. A portion of our IADS segment revenue is derived from licensing our software and providing access to our hosted software platform. Revenue from such services are recognized monthly when access to the service is provided to the end user and there are no significant remaining obligations, persuasive evidence of an arrangement exists, the fees are fixed or determinable and collection is reasonably assured. The MIS segment derives its revenues primarily from subscription arrangements and provision of enriched media analysis services. Revenue from subscriptions is recognized monthly when access to the service is provided to the end user and there are no significant remaining obligations, persuasive evidence of an arrangement exists, the fees are fixed or determinable and collection is reasonably assured. Revenues from enriched media analysis services are recognized when the services are performed and delivered to the clients. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. Recent Accounting Pronouncements -In May 2014, the FASB issued guidance on revenue from contracts with customers. This update is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. It also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This accounting guidance is effective prospectively for annual reporting periods, and interim periods within those periods, beginning after December 15, 2017 and early adoption is permitted in the first quarter of 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt the new standard when it takes effect. The Company has not yet determined the potential effects of the adoption of this standard on its condensed consolidated financial statements. In November 2015, the FASB issued guidance related to balance sheet classification of deferred taxes. This new guidance requires that deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate that adoption of this standard will have a material impact on its condensed consolidated financial statements. In February 2016, the FASB issued guidance related to leases. This new guidance requires lessees to recognize on the balance sheet a right-of-use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. This new guidance is effective for annual periods beginning after December 15, 2018. Early application is permitted. The Company has not yet determined the potential effects of the adoption of this standard on its condensed consolidated financial statements. In March 2016, the FASB issued guidance relating to share based compensation. This new guidance is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The new guidance is effective for annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that adoption of this standard will have a material impact on its condensed consolidated financial statements.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2. Property and Equipment Property and equipment are stated at costs less accumulated depreciation and amortization (in thousands), and consist of the following: September 30, December 31, 2016 2015 Equipment $ 14,759 $ 13,437 Software 5,396 5,089 Furniture and equipment 2,124 2,313 Leasehold improvements 4,908 4,956 Total 27,187 25,795 Less: accumulated depreciation and amortization (21,803) (21,072) $ 5,384 $ 4,723 Depreciation and amortization expense of property and equipment was approximately $ 0.5 1.5

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Acquisitions On July 14, 2016, Innodata’s MediaMiser subsidiary completed the acquisition of Agility from PR Newswire under an asset purchase agreement for a cash consideration of $ 4.1 Agility is a leading global media contact database and media monitoring platform that helps customers target key influencers, amplify content and measure impact. The solution is offered as software-as-a-service (SaaS). MediaMiser acquired Agility to foster growth in North America and Europe by bolstering MediaMiser’s media intelligence solutions and media databases, improving its media outreach capabilities, and delivering stronger, more data-powered media intelligence to clients. With the acquisition of Agility, MediaMiser is now one of only a handful of companies able to offer a global media contact dataset with integrated workflows for distribution, monitoring and measurement. As this acquisition was effective on July 14, 2016, the results of operations of Agility are included in the condensed consolidated financial statements for the period beginning July 14, 2016. The transaction has been accounted for using the acquisition method of accounting. This method requires that assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the acquisition date. The excess of the purchase price over the net assets acquired was recorded as goodwill. Amount Accounts receivable $ 795 Media contact database 3,610 Developed technology 994 Tradenames and trademarks 310 Total identifiable assets acquired 5,709 Accounts payable and accrued expenses 176 Accrued salaries, wages and related benefits 63 Deferred revenues 2,560 Income and other taxes 97 Total liabilities assumed 2,896 Net identifiable assets acquired 2,813 Goodwill 1,239 Net assets acquired $ 4,052 The estimated fair value of the media contact database and tradenames and trademarks intangible assets was determined using the “relief from royalty method” under the income approach, which is a valuation technique that provides an estimate of the fair value of an asset based on the cost savings that are available through ownership of the asset by the avoidance of paying royalties to license the use of the asset from another owner. The estimated fair value of the developed technology was determined based on the cost approach, which measures the value by the cost to reconstruct or replace the platform with another of like utility. Some of the more significant assumptions inherent in the development of these asset valuations include the projected revenue associated with the asset, the appropriate discount rate to select in order to measure the risk inherent in each future cash flow stream, the assessment of each asset’s life cycle, as well as other factors. The discount rate used to arrive at the present value of the media contact database and tradenames and trademarks at the acquisition date, was 13.5 The amounts assigned to the media contact database, developed technology, tradenames and trademarks are amortized over the estimated useful life of 10 The Company funded the purchase price from its available cash on hand. Transaction expenses amounted to $ 0.1 Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Revenues: As reported $ 16,060 $ 15,135 $ 47,400 $ 43,000 Proforma $ 16,280 $ 16,410 $ 50,900 $ 46,650 Net income (loss) attributable to Innodata Inc. and Subsidiaries: As reported $ (2,766) $ 406 $ (4,541) $ (2,233) Proforma $ (2,721) $ 389 $ (4,205) $ (2,299) Basic and diluted net income (loss) per share: As reported $ (0.11) $ 0.02 $ (0.18) $ (0.09) Proforma $ (0.11) $ 0.02 $ (0.16) $ (0.09)

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	4. Goodwill and Intangible Assets Goodwill Balance as of January 1, 2016 $ 1,476 Goodwill recorded in connection with an acquisition 1,239 Foreign currency translation adjustment 33 Balance as of September 30, 2016 $ 2,748 Balance as of January 1, 2015 $ 1,635 Foreign currency translation adjustment (129) Balance as of September 30, 2015 $ 1,506 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Gross carrying amounts: Balance as of January 1, 2016 $ 1,978 $ 2,036 $ 555 $ 41 $ - $ 4,610 Additions 994 - 310 - 3,610 4,914 Foreign currency translation 98 108 10 3 (25) 194 Balance as of September 30, 2016 $ 3,070 $ 2,144 $ 875 $ 44 $ 3,585 $ 9,718 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Gross carrying amounts: Balance as of January 1, 2015 $ 2,369 $ 2,439 $ 596 $ 50 $ - $ 5,454 Foreign currency translation (317) (327) (32) (7) - (683) Balance as of September 30, 2015 $ 2,052 $ 2,112 $ 564 $ 43 $ - $ 4,771 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Accumulated amortization: Balance as of January 1, 2016 $ 280 $ 240 $ 98 $ 5 $ - $ 623 Amortization expense 180 133 75 3 90 481 Foreign currency translation 16 14 1 2 (1) 32 Balance as of September 30, 2016 $ 476 $ 387 $ 174 $ 10 $ 89 $ 1,136 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Accumulated amortization: Balance as of January 1, 2015 $ 98 $ 84 $ 11 $ - $ - $ 193 Amortization expense 168 144 69 4 - 385 Foreign currency translation (27) (23) (3) - - (53) Balance as of September 30, 2015 $ 239 $ 205 $ 77 $ 4 $ - $ 525 Amortization expense relating to acquisition-related intangible assets was $ 0.2 Amortization expense relating to acquisition-related intangible assets was $ 0.5 0.4 Year Amortization 2016 $ 242 2017 969 2018 969 2019 969 2020 903 Thereafter 4,530 $ 8,582

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5. Income Taxes The Company had unrecognized tax benefits of approximately $ 1.2 0.5 Unrecognized tax benefits Balance - January 1, 2016 $ 1,207 Decrease for tax position settled for prior years (108) Increase for tax provision 40 Interest accrual 47 Foreign currency revaluation 2 Balance - September 30, 2016 $ 1,188 The Company is subject to Federal income tax, as well as income tax in various states and foreign jurisdictions. The Company is no longer subject to examination by Federal tax authorities for years prior to 2006 and by New Jersey tax authorities for years prior to 2012. Various foreign subsidiaries currently have open tax years from 2003 through 2016. Pursuant to an income tax audit by the Indian Bureau of Taxation in 2009, the Company’s Indian subsidiaries received a tax assessment approximating $ 312,000 1.0 496,000 0.3 496,000 158,000 In 2015 the Company’s Indian subsidiary was subject to an inquiry by the Service Tax Bureau in India regarding the classification of services provided by this subsidiary, asserting that the services provided by this subsidiary fall under the category of online information and database access or retrieval services (OID Services), and not under the category of business support services (BS Services) that are exempt from service tax as historically indicated in the subsidiary’s service tax filings. In the event the Service Tax Bureau is successful in proving that the services fall under the category of OID Services the revenues earned by the Company’s Indian subsidiary would be subject to a service tax of approximately 14.5 12.7 In 2016 the Company’s Indian subsidiary received notices of appeal from the Commissioner, Service Tax, seeking to reverse service tax refunds previously granted to our Indian subsidiary for certain quarters in 2014 and 2015, asserting that the services provided by this subsidiary fall under the category of OID Services and not BS Services. The Company disagrees with the basis of these appeals and is contesting them vigorously. The Company expects delays in receiving service tax refunds until such time as the appeals are adjudicated with finality. From time to time the Company is also subject to various other tax proceedings and claims for its India and Philippines subsidiaries. The Company has recorded a tax provision amounting to $ 222,000 In the third quarter of 2016, the U.S. entity deferred $ 3.8 2.2

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	6. Commitments and Contingencies Litigation- 8.0 . The Company is also subject to various legal proceedings and claims which arise in the ordinary course of business. While management currently believes that the ultimate outcome of these proceedings will not have a material adverse effect on the Company’s consolidated financial position or overall trends in consolidated results of operations, litigation is subject to inherent uncertainties. Substantial recovery against the Company in the above-referenced Philippines action could have a material adverse impact on the Company, and unfavorable rulings or recoveries in the other proceedings could have a material adverse impact on the operating results of the period in which the ruling or recovery occurs. In addition, the Company’s estimate of potential impact on the Company’s consolidated financial position or overall consolidated results of operations for the above legal proceedings could change in the future. The Company’s legal reserves related to legal proceedings and claims are based on a determination of whether or not a loss is probable. The Company reviews outstanding proceedings and claims with external counsel to assess probability and estimates of loss. The reserves are adjusted if necessary. While the Company intends to defend these matters vigorously, adverse outcomes that it estimates could reach approximately $ 100,000 Foreign Currency -To the extent that the currencies of the Company’s production facilities located in the Philippines, India, Sri Lanka and Israel fluctuate, the Company is subject to risks of changing costs of production after pricing is established for certain client projects. In addition, the Company is exposed to the risk of foreign currency fluctuation on the non-U.S. dollar denominated revenues, and on the monetary assets and liabilities held by its foreign subsidiaries that are denominated in local currency. Indemnifications -The Company is obligated under certain circumstances to indemnify directors, certain officers and employees against costs and liabilities incurred in actions or threatened actions brought against such individuals because such individuals acted in the capacity of director and/or officer or fiduciary of the Company. In addition, the Company has contracts with certain clients pursuant to whom the Company has agreed to indemnify the client for certain specified and limited claims. These indemnification obligations occur in the ordinary course of business and, in many cases, do not include a limit on potential maximum future payments. As of September 30, 2016, the Company has not recorded a liability for any obligations arising as a result of these indemnifications. Liens -In connection with the procurement of tax incentives at one of the Company’s foreign subsidiaries, the foreign zoning authority was granted a first lien on the subsidiary’s property and equipment. As of September 30, 2016, the net book value of the property and equipment was $ 0.5

Stock Options

Stock Options	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	7. Stock Options On June 7, 2016 stockholders of the Company approved amendments to the Innodata Inc. 2013 Stock Plan. The Innodata Inc. 2013 Stock Plan as amended and restated effective June 7, 2016 is referred to herein as the “Plan.” The number of shares of common stock of Innodata Inc. (“Stock”) that may be delivered, purchased or used for reference purposes (with respect to stock appreciation rights or stock units) for awards granted under the Plan after June 7, 2016 is 5,858,892 Weighted -Average Weighted - Remaining Number of Average Contractual Term Aggregate Options Exercise Price (years) Intrinsic Value Outstanding at January 1, 2016 3,970,146 $ 3.02 Granted 750,000 2.65 Exercised - - Forfeited/Expired (240,977) 3.13 Outstanding at September 30, 2016 4,479,169 $ 2.95 5.34 $ 46,400 Exercisable at September 30, 2016 2,409,156 $ 3.12 4.02 $ 5,940 Vested and Expected to Vest at September 30, 2016 4,479,169 $ 2.95 5.34 $ 46,400 Nine Months Ended September 30, 2016 2015 Weighted average fair value of options granted $ 1.08 $ - Risk-free interest rate 1.26% - 1.49 % - Expected life (years) 5-6 - Expected volatility factor 49 % - Expected dividends - - The total compensation cost related to non-vested stock awards not yet recognized as of September 30, 2016 totaled approximately $ 1.5 Three months ended Nine months ended September 30, September 30, 2016 2015 2016 2015 Direct operating costs $ 81 $ 98 $ 245 $ 293 Selling and administrative expenses 126 143 484 507 Total stock-based compensation $ 207 $ 241 $ 729 $ 800 There were no options exercised in the nine months ended September 30, 2016.

Long term obligations

Long term obligations	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	8. Long term obligations September 30, December 31, 2016 2015 Vendor obligations Capital lease obligations (1) $ 307 $ 423 Deferred lease payments (2) 707 707 Microsoft licenses (3) 173 360 Acquisition related liability (4) 1,515 993 Pension obligations Accrued pension liability 2,764 2,535 5,466 5,018 Less: Current portion of long term obligations 1,421 1,582 Totals $ 4,045 $ 3,436 (1) In March 2014, the Company entered into an equipment sale leaseback agreement with a financing company. The cash proceeds from the transaction were $ 0.9 6 0.8 (2) Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms. (3) In March 2014, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2017. Pursuant to this agreement, the Company is obligated to pay approximately $ 0.4 Prepaid expenses and other current assets $ 356 Other assets 713 Property and equipment 136 $ 1,205 (4) On September 30, 2016 the Company and the other parties to the transaction in which the Company acquired MediaMiser amended the terms on which a subsidiary of the Company is required to make a supplemental purchase price payment for MediaMiser. Prior to the amendment, the amount of the supplemental purchase price payment was to be determined by the achievement of certain financial thresholds and was in no event to exceed $ 3.8 5 1.5 2 70

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	9. Comprehensive Income (Loss) Accumulated other comprehensive loss, as reflected in the condensed consolidated balance sheets, consists of pension liability adjustments, net of taxes, foreign currency translation adjustment, net of taxes and changes in fair value of derivatives, net of taxes. Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at July 1, 2016 $ 1,359 $ 81 $ (1,078) $ 362 Other comprehensive loss before reclassifications, net of taxes - (11) (118) (129) Total other comprehensive income (loss) before reclassifications, net of taxes 1,359 70 (1,196) 233 Net amount reclassified to earnings (83) (28) - (111) Balance at September 30, 2016 $ 1,276 $ 42 $ (1,196) $ 122 Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at July 1, 2015 $ 517 $ 146 $ (867) $ (204) Other comprehensive loss before reclassifications, net of taxes - (486) (393) (879) Total other comprehensive income (loss) before reclassifications, net of taxes 517 (340) (1,260) (1,083) Net amount reclassified to earnings 10 60 - 70 Balance at September 30, 2015 $ 527 $ (280) $ (1,260) $ (1,013) Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2016 $ 1,523 $ (165) $ (1,442) $ (84) Other comprehensive income before reclassifications, net of taxes - 223 246 469 Total other comprehensive income (loss) before reclassifications, net of taxes 1,523 58 (1,196) 385 Net amount reclassified to earnings (247) (16) - (263) Balance at September 30, 2016 $ 1,276 $ 42 $ (1,196) $ 122 Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2015 $ 497 $ (337) $ (447) $ (287) Other comprehensive loss before reclassifications, net of taxes - (81) (813) (894) Total other comprehensive income (loss) before reclassifications, net of taxes 497 (418) (1,260) (1,181) Net amount reclassified to earnings 30 138 - 168 Balance at September 30, 2015 $ 527 $ (280) $ (1,260) $ (1,013) All reclassifications out of accumulated other comprehensive income (loss) had an impact on direct operating costs in the condensed consolidated statements of operations and comprehensive loss.

Segment Reporting and Concentra

Segment Reporting and Concentrations	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	10. Segment Reporting and Concentrations The Company’s operations are classified into three reportable segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). The DDS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the following broad business requirements: development of digital content (including e-books); development of new digital information products; and operational support of existing digital information products and systems. The IADS segment performs advanced data analysis. IADS operates through two subsidiaries: Synodex and docGenix. Synodex offers a range of data analysis services in the healthcare, medical and insurance areas. docGenix provides services to certain financial services institutions. In July 2014, the Company acquired MediaMiser, an Ottawa, Canada-based provider of automated, real-time traditional and social media monitoring services. In December 2014, the Company acquired intellectual property and related assets of Bulldog Reporter. On July 14, 2016, Innodata’s MediaMiser subsidiary acquired Agility. All these businesses constitute the Company’s MIS segment. A significant portion of the Company’s revenues is generated from its production facilities in the Philippines, India, Sri Lanka, Canada, Germany and Israel. Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Revenues: DDS $ 12,052 $ 13,474 $ 38,928 $ 38,035 IADS 1,028 484 3,090 1,434 MIS 2,980 1,177 5,382 3,531 Total Consolidated $ 16,060 $ 15,135 $ 47,400 $ 43,000 Income (loss) before provision for income taxes (1) DDS $ (1,132) $ 2,534 $ 1,195 $ 3,596 IADS (1,296) (1,496) (3,754) (4,590) MIS (92) (302) (1,164) (888) Total Consolidated $ (2,520) $ 736 $ (3,723) $ (1,882) Income (loss) before provision for income taxes (2) DDS $ (1,882) $ 1,892 $ (980) $ 1,755 IADS (553) (861) (1,598) (2,773) MIS (85) (295) (1,145) (864) Total Consolidated $ (2,520) $ 736 $ (3,723) $ (1,882) September 30, 2016 December 31, 2015 Total assets: DDS $ 29,505 $ 41,842 IADS 735 1,026 MIS 20,673 8,369 Total Consolidated $ 50,913 $ 51,237 (1) Before elimination of any inter-segment profits (2) After elimination of any inter-segment profits Three months ended Nine months ended September 30, September 30, 2016 2015 2016 2015 United States $ 8,263 $ 7,275 $ 24,614 $ 20,478 The Netherlands 2,006 2,514 7,096 7,274 United Kingdom 2,417 2,520 6,397 6,771 Canada 1,491 1,472 4,465 4,298 Other - principally Europe 1,883 1,354 4,828 4,179 $ 16,060 $ 15,135 $ 47,400 $ 43,000 September 30, December 31, 2016 2015 United States $ 4,676 $ 1,104 Foreign countries: Canada 5,121 635 United Kingdom 2,548 - Philippines 1,991 5,223 India 1,639 1,611 Sri Lanka 689 1,580 Israel 48 31 Germany 2 2 Total foreign 12,038 9,082 $ 16,714 $ 10,186 Two clients in the DDS Segment generated approximately 27 34 10 48 52 Two clients in the DDS Segment generated approximately 30 34 48 52 As of September 30, 2016, approximately 53 55 62 68

Income (Loss) Per Share

Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	11. Income (Loss) Per Share Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 (in thousands) (in thousands) Net income (loss) attributable to Innodata Inc. and Subsidiaries $ (2,766) $ 406 $ (4,541) $ (2,233) Weighted average common shares outstanding 25,651 25,455 25,514 25,377 Dilutive effect of outstanding options - - - - Adjusted for dilutive computation 25,651 25,455 25,514 25,377 Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by considering the impact of the potential issuance of common shares, using the treasury stock method, on the weighted average number of shares outstanding. For those securities that are not convertible into a class of common stock, the “two-class” method of computing income per share is used. Options to purchase 4.2 3.4 0.3 Options to purchase 4.2 2.6 0.3 0.8

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	12. Derivatives The Company conducts a large portion of its operations in international markets that subject it to foreign currency fluctuations. The most significant foreign currency exposures occur when revenue and associated accounts receivable are collected in one currency and expenses to generate that revenue are incurred in another currency. The Company’s primary exchange rate exposure relates to payroll, other payroll costs and operating expenses in the Philippines, India, Sri Lanka and Israel. In addition, although the majority of the Company’s revenues is denominated in U.S. dollars, a significant portion of the total revenues is denominated in Canadian dollars, pound sterling and euros. To manage its exposure to fluctuations in foreign currency exchange rates, the Company entered into foreign currency forward contracts, authorized under Company policies, with counterparties that were highly rated financial institutions. The Company utilized non-deliverable forward contracts expiring within twelve months to reduce its foreign currency risk. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk management objective and strategy for undertaking hedge transactions. The Company does not hold or issue derivatives for trading purposes. All derivatives are recognized at their fair value and classified based on the instrument’s maturity date. The total notional amount for outstanding derivatives as of September 30, 2016 and December 31, 2015 was $ 17.7 15.8 The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of September 30, 2016 and December 31, 2015 (in thousands): Balance Sheet Location Fair Value 2016 2015 Derivatives designated as hedging instruments: Foreign currency forward contracts Prepaid expenses and other current assets $ 42 $ - Foreign currency forward contracts Accrued expenses $ - $ 165 The effects of foreign currency forward contracts designated as cash flow hedges on the Company’s condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2016 and 2015, respectively, were as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Net gain (loss) recognized in OCI (1) $ (11) $ (486) $ 223 $ (81) Net gain (loss) reclassified from accumulated OCI into income (2) $ 28 $ (60) $ 16 $ (138) Net gain recognized in income (3) $ - $ - $ - $ - (1) Net change in fair value of the effective portion classified into other comprehensive income ("OCI"). (2) Effective portion classified within direct operating cost. (3) There were no effective portions for the period presented.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2016
Investments, All Other Investments [Abstract]
Financial Instruments Disclosure [Text Block]	13. Financial Instruments The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximated their fair value as of September 30, 2016 and December 31, 2015, because of the relative short maturity of these instruments. “ Fair Value Measurements and Disclosures The accounting standard establishes a fair value hierarchy that prioritizes the inputs used to measure fair value into three levels. The three levels are defined as follows: · Level 1 : Unadjusted quoted price in active market for identical assets and liabilities. · Level 2: Observable inputs other than those included in Level 1. · Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The following table sets forth the assets and liabilities as of September 30, 2016 and December 31, 2015 that the Company measured at fair value, on a recurring basis by level, within the fair value hierarchy (in thousands). As required by the standard, assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. September 30, 2016 Level 1 Level 2 Level 3 Assets Derivatives $ - $ 42 $ - December 31, 2015 Level 1 Level 2 Level 3 Liabilities Derivatives $ - $ 165 $ - The Level 2 assets and liabilities contain foreign currency forward contracts. Fair value is determined based on the observable market transactions of spot and forward rates. The fair value of these contracts as of September 30, 2016 is included in prepaid and other current assets in the accompanying condensed consolidated balance sheets. The fair value of these contracts as of December 31, 2015 is included in accrued expenses in the accompanying condensed consolidated balance sheets.

Description of Business and S20

Description of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Business Combinations Policy [Policy Text Block]	Description of Business- Innodata Inc. (the “Company”) is a global digital services and solutions company. The Company’s technology and services power leading information products and online retail destinations around the world. The Company’s solutions help prestigious enterprises harness the power of digital data to re-imagine how they operate and drive performance. The Company serves publishers, media and information companies, digital retailers, banks, insurance companies, government agencies and many other industries. The Company operates in three reporting segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). DDS was formerly known as Content Services. The Company’s DDS segment provides solutions to digital retailers, information services companies, publishers and enterprises that have one or more of the following broad business requirements: development of digital content (including e-books); development of new digital information products; and operational support of existing digital information products and systems. The Company’s IADS segment designs and develops new capabilities to enable clients in the financial services, insurance, medical and healthcare sectors to improve decision-support through digital technologies. IADS operates through two subsidiaries: Synodex offers a range of services for healthcare, medical and insurance companies, and docGenix provides services to financial services institutions. As of September 30, 2016, Innodata owned 91 94 The Company’s MIS segment provides media monitoring and analysis software and professional services for organizations of all sizes. Through innovative web-based and mobile solutions, MIS reduces the time and effort it takes to gather, analyze and distribute valuable business intelligence extracted from traditional and social media sources. Through Bulldog Reporter, MIS provides PR industry newsletters, a journalist database, media intelligence and professional development programs. The Company’s MIS segment operates through its MediaMiser, Bulldog Reporter and Agility subsidiaries. In July 2016, the MediaMiser subsidiary acquired Agility from PR Newswire under an asset purchase agreement. Agility is a leading global media contact database and media monitoring platform that helps customers target key influencers, amplify content and measure impact. The solution is offered as software-as-a-service (SaaS). MediaMiser acquired Agility to foster growth in North America and Europe by bolstering MediaMiser’s media intelligence solutions and media databases, improving its media outreach capabilities, and delivering stronger, more data-powered media intelligence to clients. With the acquisition of Agility, MediaMiser is now one of only a handful of companies able to offer a global media contact dataset with integrated workflows for distribution, monitoring and measurement.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation -The condensed consolidated financial statements for the interim periods included herein are unaudited; however, they contain all adjustments (consisting of only normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company as of September 30, 2016, the results of its operations and comprehensive loss for the three and nine months ended September 30, 2016 and 2015, and cash flows and stockholders’ equity for the nine months ended September 30, 2016 and 2015. The results of operations for the interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2015, included in the Company's Annual Report on Form 10-K. Unless otherwise noted, the accounting policies used in preparing these condensed consolidated financial statements are the same as those described in the December 31, 2015 consolidated financial statements.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation -The consolidated financial statements include the accounts of Innodata Inc. and its wholly-owned subsidiaries, MediaMiser, a corporation in which the Company owns substantially all of the economic interest, and the Synodex and docGenix limited liability companies that are majority-owned by the Company. The non-controlling interests in the Synodex and docGenix limited liability companies are accounted for in accordance with Financial Accounting Standards Board (FASB) non-controlling interest guidance. All significant intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates -In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, 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. Actual results could differ from those estimates. Significant estimates include those related to revenue recognition, allowance for doubtful accounts and billing adjustments, long-lived assets, intangible assets, goodwill, valuation of deferred tax assets, valuation of securities underlying stock-based compensation, litigation accruals, pension benefits, purchase price allocation of the assets acquired in the acquisition of Agility, valuation of derivative instruments and estimated accruals for various tax exposures.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation -The functional currency for the Company’s production operations located in the Philippines, India, Sri Lanka and Israel is the U.S. dollar. Transactions denominated in Philippine pesos, Indian and Sri Lankan rupees and Israeli shekels are translated to U.S. dollars at rates which approximate those in effect on transaction dates. The functional currency of the foreign subsidiaries located in Germany, Canada and United Kingdom are the euro, Canadian dollar and pound sterling, respectively. The financial statements of these subsidiaries are reported in these respective currencies. Financial information is translated from the applicable functional currency to the U.S. dollar (the reporting currency) for inclusion in our condensed consolidated financial statements. Income, expenses and cash flows are translated at weighted average exchange rates prevailing during the fiscal period, and assets and liabilities are translated at fiscal period-end exchange rates. Resulting translation adjustments are included as a component of accumulated other comprehensive income (loss) in stockholders' equity. Foreign exchange transaction gains or losses are included in direct operating costs in the accompanying condensed consolidated statements of operations and comprehensive loss.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition -For the DDS segment, revenue is recognized based on the quantity delivered or resources utilized, the period in which services are performed and delivered. Revenues for contracts billed on a time-and-materials basis are recognized as services are performed. Revenues under fixed-fee contracts, which are not significant to the overall revenues, are recognized on the percentage of completion method of accounting, as services are performed or milestones are achieved. For the IADS segment, revenue is recognized primarily based on the quantity delivered and the period in which services are performed and deliverables are made as per contracts. A portion of our IADS segment revenue is derived from licensing our software and providing access to our hosted software platform. Revenue from such services are recognized monthly when access to the service is provided to the end user and there are no significant remaining obligations, persuasive evidence of an arrangement exists, the fees are fixed or determinable and collection is reasonably assured. The MIS segment derives its revenues primarily from subscription arrangements and provision of enriched media analysis services. Revenue from subscriptions is recognized monthly when access to the service is provided to the end user and there are no significant remaining obligations, persuasive evidence of an arrangement exists, the fees are fixed or determinable and collection is reasonably assured. Revenues from enriched media analysis services are recognized when the services are performed and delivered to the clients. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements -In May 2014, the FASB issued guidance on revenue from contracts with customers. This update is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. It also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This accounting guidance is effective prospectively for annual reporting periods, and interim periods within those periods, beginning after December 15, 2017 and early adoption is permitted in the first quarter of 2017. Companies may use either a full retrospective or a modified retrospective approach to adopt the new standard when it takes effect. The Company has not yet determined the potential effects of the adoption of this standard on its condensed consolidated financial statements. In November 2015, the FASB issued guidance related to balance sheet classification of deferred taxes. This new guidance requires that deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate that adoption of this standard will have a material impact on its condensed consolidated financial statements. In February 2016, the FASB issued guidance related to leases. This new guidance requires lessees to recognize on the balance sheet a right-of-use asset, representing its right to use the underlying asset for the lease term, and a lease liability for all leases with terms greater than 12 months. The guidance also requires qualitative and quantitative disclosures designed to assess the amount, timing, and uncertainty of cash flows arising from leases. The standard requires the use of a modified retrospective transition approach, which includes a number of optional practical expedients that entities may elect to apply. This new guidance is effective for annual periods beginning after December 15, 2018. Early application is permitted. The Company has not yet determined the potential effects of the adoption of this standard on its condensed consolidated financial statements. In March 2016, the FASB issued guidance relating to share based compensation. This new guidance is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The new guidance is effective for annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that adoption of this standard will have a material impact on its condensed consolidated financial statements.

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment are stated at costs less accumulated depreciation and amortization (in thousands), and consist of the following: September 30, December 31, 2016 2015 Equipment $ 14,759 $ 13,437 Software 5,396 5,089 Furniture and equipment 2,124 2,313 Leasehold improvements 4,908 4,956 Total 27,187 25,795 Less: accumulated depreciation and amortization (21,803) (21,072) $ 5,384 $ 4,723

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The Company has obtained third party valuations of certain intangible assets. The following table summarizes (in thousands) the preliminary purchase price allocation for the acquisition: Amount Accounts receivable $ 795 Media contact database 3,610 Developed technology 994 Tradenames and trademarks 310 Total identifiable assets acquired 5,709 Accounts payable and accrued expenses 176 Accrued salaries, wages and related benefits 63 Deferred revenues 2,560 Income and other taxes 97 Total liabilities assumed 2,896 Net identifiable assets acquired 2,813 Goodwill 1,239 Net assets acquired $ 4,052
Business Acquisition, Pro Forma Information [Table Text Block]	The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2015 (amount in thousands, except per share amounts). The pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been consummated as of that time or that may result in the future. Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Revenues: As reported $ 16,060 $ 15,135 $ 47,400 $ 43,000 Proforma $ 16,280 $ 16,410 $ 50,900 $ 46,650 Net income (loss) attributable to Innodata Inc. and Subsidiaries: As reported $ (2,766) $ 406 $ (4,541) $ (2,233) Proforma $ (2,721) $ 389 $ (4,205) $ (2,299) Basic and diluted net income (loss) per share: As reported $ (0.11) $ 0.02 $ (0.18) $ (0.09) Proforma $ (0.11) $ 0.02 $ (0.16) $ (0.09)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the nine months ended September 30, 2016 and September 30, 2015 were as follows (in thousands): Goodwill Balance as of January 1, 2016 $ 1,476 Goodwill recorded in connection with an acquisition 1,239 Foreign currency translation adjustment 33 Balance as of September 30, 2016 $ 2,748 Balance as of January 1, 2015 $ 1,635 Foreign currency translation adjustment (129) Balance as of September 30, 2015 $ 1,506
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Information regarding the Company’s acquisition-related intangible assets is as follows (in thousands): Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Gross carrying amounts: Balance as of January 1, 2016 $ 1,978 $ 2,036 $ 555 $ 41 $ - $ 4,610 Additions 994 - 310 - 3,610 4,914 Foreign currency translation 98 108 10 3 (25) 194 Balance as of September 30, 2016 $ 3,070 $ 2,144 $ 875 $ 44 $ 3,585 $ 9,718 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Gross carrying amounts: Balance as of January 1, 2015 $ 2,369 $ 2,439 $ 596 $ 50 $ - $ 5,454 Foreign currency translation (317) (327) (32) (7) - (683) Balance as of September 30, 2015 $ 2,052 $ 2,112 $ 564 $ 43 $ - $ 4,771 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Accumulated amortization: Balance as of January 1, 2016 $ 280 $ 240 $ 98 $ 5 $ - $ 623 Amortization expense 180 133 75 3 90 481 Foreign currency translation 16 14 1 2 (1) 32 Balance as of September 30, 2016 $ 476 $ 387 $ 174 $ 10 $ 89 $ 1,136 Trademarks Media Developed Customer and Contact technology relationships tradenames Patents Database Total Accumulated amortization: Balance as of January 1, 2015 $ 98 $ 84 $ 11 $ - $ - $ 193 Amortization expense 168 144 69 4 - 385 Foreign currency translation (27) (23) (3) - - (53) Balance as of September 30, 2015 $ 239 $ 205 $ 77 $ 4 $ - $ 525
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expense for intangible assets subsequent to September 30, 2016 is as follows (in thousands): Year Amortization 2016 $ 242 2017 969 2018 969 2019 969 2020 903 Thereafter 4,530 $ 8,582

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	The following presents a roll-forward of the Company’s unrecognized tax benefits and associated interest for the nine months ended September 30, 2016 (amounts in thousands): Unrecognized tax benefits Balance - January 1, 2016 $ 1,207 Decrease for tax position settled for prior years (108) Increase for tax provision 40 Interest accrual 47 Foreign currency revaluation 2 Balance - September 30, 2016 $ 1,188

Stock Options (Tables)

Stock Options (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair values of the options granted and weighted average assumptions are as follows: Weighted -Average Weighted - Remaining Number of Average Contractual Term Aggregate Options Exercise Price (years) Intrinsic Value Outstanding at January 1, 2016 3,970,146 $ 3.02 Granted 750,000 2.65 Exercised - - Forfeited/Expired (240,977) 3.13 Outstanding at September 30, 2016 4,479,169 $ 2.95 5.34 $ 46,400 Exercisable at September 30, 2016 2,409,156 $ 3.12 4.02 $ 5,940 Vested and Expected to Vest at September 30, 2016 4,479,169 $ 2.95 5.34 $ 46,400
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair values of the options granted and weighted average assumptions are as follows: Nine Months Ended September 30, 2016 2015 Weighted average fair value of options granted $ 1.08 $ - Risk-free interest rate 1.26% - 1.49 % - Expected life (years) 5-6 - Expected volatility factor 49 % - Expected dividends - -
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2016 2015 2016 2015 Direct operating costs $ 81 $ 98 $ 245 $ 293 Selling and administrative expenses 126 143 484 507 Total stock-based compensation $ 207 $ 241 $ 729 $ 800

Long term obligations (Tables)

Long term obligations (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Total long-term obligations as of September 30, 2016 and December 31, 2015 consist of the following (in thousands): September 30, December 31, 2016 2015 Vendor obligations Capital lease obligations (1) $ 307 $ 423 Deferred lease payments (2) 707 707 Microsoft licenses (3) 173 360 Acquisition related liability (4) 1,515 993 Pension obligations Accrued pension liability 2,764 2,535 5,466 5,018 Less: Current portion of long term obligations 1,421 1,582 Totals $ 4,045 $ 3,436 (1) In March 2014, the Company entered into an equipment sale leaseback agreement with a financing company. The cash proceeds from the transaction were $ 0.9 6 0.8 (2) Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms. (3) In March 2014, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2017. Pursuant to this agreement, the Company is obligated to pay approximately $ 0.4 Prepaid expenses and other current assets $ 356 Other assets 713 Property and equipment 136 $ 1,205 (4) On September 30, 2016 the Company and the other parties to the transaction in which the Company acquired MediaMiser amended the terms on which a subsidiary of the Company is required to make a supplemental purchase price payment for MediaMiser. Prior to the amendment, the amount of the supplemental purchase price payment was to be determined by the achievement of certain financial thresholds and was in no event to exceed $ 3.8 5 1.5 2 70

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive loss as of September 30, 2016, and reclassifications out of accumulated other comprehensive income (loss) for the nine months ended September 30, 2016 and 2015, were as follows (net of tax): Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at July 1, 2016 $ 1,359 $ 81 $ (1,078) $ 362 Other comprehensive loss before reclassifications, net of taxes - (11) (118) (129) Total other comprehensive income (loss) before reclassifications, net of taxes 1,359 70 (1,196) 233 Net amount reclassified to earnings (83) (28) - (111) Balance at September 30, 2016 $ 1,276 $ 42 $ (1,196) $ 122 Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at July 1, 2015 $ 517 $ 146 $ (867) $ (204) Other comprehensive loss before reclassifications, net of taxes - (486) (393) (879) Total other comprehensive income (loss) before reclassifications, net of taxes 517 (340) (1,260) (1,083) Net amount reclassified to earnings 10 60 - 70 Balance at September 30, 2015 $ 527 $ (280) $ (1,260) $ (1,013) Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2016 $ 1,523 $ (165) $ (1,442) $ (84) Other comprehensive income before reclassifications, net of taxes - 223 246 469 Total other comprehensive income (loss) before reclassifications, net of taxes 1,523 58 (1,196) 385 Net amount reclassified to earnings (247) (16) - (263) Balance at September 30, 2016 $ 1,276 $ 42 $ (1,196) $ 122 Foreign Currency Accumulated Other Pension Liability Fair Value of Translation Comprehensive Adjustment Derivatives Adjustment Income (Loss) Balance at January 1, 2015 $ 497 $ (337) $ (447) $ (287) Other comprehensive loss before reclassifications, net of taxes - (81) (813) (894) Total other comprehensive income (loss) before reclassifications, net of taxes 497 (418) (1,260) (1,181) Net amount reclassified to earnings 30 138 - 168 Balance at September 30, 2015 $ 527 $ (280) $ (1,260) $ (1,013)

Segment Reporting and Concent28

Segment Reporting and Concentrations (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues from external clients and segment operating profit (loss), and other reportable segment information are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Revenues: DDS $ 12,052 $ 13,474 $ 38,928 $ 38,035 IADS 1,028 484 3,090 1,434 MIS 2,980 1,177 5,382 3,531 Total Consolidated $ 16,060 $ 15,135 $ 47,400 $ 43,000 Income (loss) before provision for income taxes (1) DDS $ (1,132) $ 2,534 $ 1,195 $ 3,596 IADS (1,296) (1,496) (3,754) (4,590) MIS (92) (302) (1,164) (888) Total Consolidated $ (2,520) $ 736 $ (3,723) $ (1,882) Income (loss) before provision for income taxes (2) DDS $ (1,882) $ 1,892 $ (980) $ 1,755 IADS (553) (861) (1,598) (2,773) MIS (85) (295) (1,145) (864) Total Consolidated $ (2,520) $ 736 $ (3,723) $ (1,882) September 30, 2016 December 31, 2015 Total assets: DDS $ 29,505 $ 41,842 IADS 735 1,026 MIS 20,673 8,369 Total Consolidated $ 50,913 $ 51,237 (1) Before elimination of any inter-segment profits (2) After elimination of any inter-segment profits
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	The following table summarizes revenues by geographic region (determined and based upon customer’s domicile) (in thousands): Three months ended Nine months ended September 30, September 30, 2016 2015 2016 2015 United States $ 8,263 $ 7,275 $ 24,614 $ 20,478 The Netherlands 2,006 2,514 7,096 7,274 United Kingdom 2,417 2,520 6,397 6,771 Canada 1,491 1,472 4,465 4,298 Other - principally Europe 1,883 1,354 4,828 4,179 $ 16,060 $ 15,135 $ 47,400 $ 43,000
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Long-lived assets as of September 30, 2016 and December 31, 2015, respectively, by geographic region, are comprised of (in thousands): September 30, December 31, 2016 2015 United States $ 4,676 $ 1,104 Foreign countries: Canada 5,121 635 United Kingdom 2,548 - Philippines 1,991 5,223 India 1,639 1,611 Sri Lanka 689 1,580 Israel 48 31 Germany 2 2 Total foreign 12,038 9,082 $ 16,714 $ 10,186

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 (in thousands) (in thousands) Net income (loss) attributable to Innodata Inc. and Subsidiaries $ (2,766) $ 406 $ (4,541) $ (2,233) Weighted average common shares outstanding 25,651 25,455 25,514 25,377 Dilutive effect of outstanding options - - - - Adjusted for dilutive computation 25,651 25,455 25,514 25,377

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following table presents the fair value of derivative instruments included within the consolidated balance sheets as of September 30, 2016 and December 31, 2015 (in thousands): Balance Sheet Location Fair Value 2016 2015 Derivatives designated as hedging instruments: Foreign currency forward contracts Prepaid expenses and other current assets $ 42 $ - Foreign currency forward contracts Accrued expenses $ - $ 165
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	The effects of foreign currency forward contracts designated as cash flow hedges on the Company’s condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2016 and 2015, respectively, were as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Net gain (loss) recognized in OCI (1) $ (11) $ (486) $ 223 $ (81) Net gain (loss) reclassified from accumulated OCI into income (2) $ 28 $ (60) $ 16 $ (138) Net gain recognized in income (3) $ - $ - $ - $ - (1) Net change in fair value of the effective portion classified into other comprehensive income ("OCI"). (2) Effective portion classified within direct operating cost. (3) There were no effective portions for the period presented.

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, All Other Investments [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table sets forth the assets and liabilities as of September 30, 2016 and December 31, 2015 that the Company measured at fair value, on a recurring basis by level, within the fair value hierarchy (in thousands). As required by the standard, assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. September 30, 2016 Level 1 Level 2 Level 3 Assets Derivatives $ - $ 42 $ - December 31, 2015 Level 1 Level 2 Level 3 Liabilities Derivatives $ - $ 165 $ -

Description of Business and S32

Description of Business and Summary of Significant Accounting Policies (Details Textual)	Sep. 30, 2016
Synodex [Member]
Description of Business and Summary of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage By Parent	91.00%
DocGenix [Member]
Description of Business and Summary of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage By Parent	94.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Total	$ 27,187	$ 25,795
Less: accumulated depreciation and amortization	(21,803)	(21,072)
Property, Plant and Equipment, Net	5,384	4,723
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	14,759	13,437
Software [Member]
Property, Plant and Equipment [Line Items]
Total	5,396	5,089
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Total	2,124	2,313
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total	$ 4,908	$ 4,956

Property and Equipment (Detai34

Property and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization			$ 2,200	$ 2,113
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 500	$ 500	$ 1,500	$ 1,500

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 2,748	$ 1,476	$ 1,506	$ 1,635
MediaMiser [Member]
Business Acquisition [Line Items]
Accounts receivable	795
Total identifiable assets acquired	5,709
Accounts payable and accrued expenses	176
Accrued salaries, wages and related benefits	63
Deferred revenues	2,560
Income and other taxes	97
Total liabilities assumed	2,896
Net identifiable assets acquired	2,813
Goodwill	1,239
Net assets acquired	4,052
MediaMiser [Member] | Developed Technology Rights [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	994
MediaMiser [Member] | Trademarks and Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	310
MediaMiser [Member] | Database Rights [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 3,610

Acquisitions (Details 1)

Acquisitions (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
As reported	$ 16,060	$ 15,135	$ 47,400	$ 43,000
Proforma	16,280	16,410	50,900	46,650
Net income (loss) attributable to Innodata Inc. and Subsidiaries:
As reported	(2,766)	406	(4,541)	(2,233)
Proforma	$ (2,721)	$ 389	$ (4,205)	$ (2,299)
Basic and diluted net income (loss) per share:
As reported	$ (0.11)	$ 0.02	$ (0.18)	$ (0.09)
Proforma	$ (0.11)	$ 0.02	$ (0.16)	$ (0.09)

Acquisitions (Details Textual)

Acquisitions (Details Textual) $ in Millions	Jul. 14, 2016USD ($)
Business Acquisition [Line Items]
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized	$ 0.1
Business Combination, Consideration Transferred	$ 4.1
Business Acquisition, Percentage of Discount Rate	13.50%
MediaMiser [Member] | Developed Technology Rights [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years

Goodwill and Intangible Asset38

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Goodwill
Balance	$ 1,476	$ 1,635
Goodwill recorded in connection with an acquisition	1,239
Foreign currency translation adjustment	33	(129)
Balance	$ 2,748	$ 1,506

Goodwill and Intangible Asset39

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Gross carrying amounts:
Balance			$ 4,610	$ 5,454
Additions			4,914
Foreign currency translation			194	(683)
Balance	$ 9,718	$ 4,771	9,718	4,771
Accumulated amortization:
Balance			623	193
Amortization expense	200	200	481	385
Foreign currency translation			32	(53)
Balance	1,136	525	1,136	525
Developed Technology Rights [Member]
Gross carrying amounts:
Balance			1,978	2,369
Additions			994
Foreign currency translation			98	(317)
Balance	3,070	2,052	3,070	2,052
Accumulated amortization:
Balance			280	98
Amortization expense			180	168
Foreign currency translation			16	(27)
Balance	476	239	476	239
Customer Relationships [Member]
Gross carrying amounts:
Balance			2,036	2,439
Additions			0
Foreign currency translation			108	(327)
Balance	2,144	2,112	2,144	2,112
Accumulated amortization:
Balance			240	84
Amortization expense			133	144
Foreign currency translation			14	(23)
Balance	387	205	387	205
Trademarks and TradeNames [Member]
Gross carrying amounts:
Balance			555	596
Additions			310
Foreign currency translation			10	(32)
Balance	875	564	875	564
Accumulated amortization:
Balance			98	11
Amortization expense			75	69
Foreign currency translation			1	(3)
Balance	174	77	174	77
Patents [Member]
Gross carrying amounts:
Balance			41	50
Additions			0
Foreign currency translation			3	(7)
Balance	44	43	44	43
Accumulated amortization:
Balance			5	0
Amortization expense			3	4
Foreign currency translation			2	0
Balance	10	4	10	4
Database Rights [Member]
Gross carrying amounts:
Balance			0	0
Additions			3,610
Foreign currency translation			(25)	0
Balance	3,585	0	3,585	0
Accumulated amortization:
Balance			0	0
Amortization expense			90	0
Foreign currency translation			(1)	0
Balance	$ 89	$ 0	$ 89	$ 0

Goodwill and Intangible Asset40

Goodwill and Intangible Assets (Details 2) $ in Thousands	Sep. 30, 2016USD ($)
Finite-Lived Intangible Assets [Line Items]
2,016	$ 242
2,017	969
2,018	969
2,019	969
2,020	903
Thereafter	4,530
Finite-Lived Intangible Assets, Net	$ 8,582

Goodwill and Intangible Asset41

Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 200	$ 200	$ 481	$ 385

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Income Tax Contingency [Line Items]
Balance - January 1, 2016	$ 1,207
Decrease for tax position settled for prior years	(108)
Increase for tax provision	40
Interest accrual	47
Foreign currency revaluation	2
Balance - September 30, 2016	$ 1,188

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2012
Income Taxes [Line Items]
Unrecognized Tax Benefits		$ 1,188,000		$ 1,188,000		$ 1,207,000
Income Tax Examination, Penalties and Interest Accrued		500,000		500,000		$ 500,000
Foreign Income Tax Expense (Benefit), Continuing Operations	$ 300,000
Income Tax Expense (Benefit)		352,000	$ 462,000	1,128,000	$ 763,000
Percentage for Subsidiary Service Tax						14.50%
Subsidiary Revenue				12,700,000
Deferred Income Tax Expense (Benefit)				(289,000)	$ (218,000)
Indian Bureau Of Taxation [Member]
Income Taxes [Line Items]
Foreign Income Tax Expense (Benefit), Continuing Operations				312,000			$ 1,000,000
Tax Adjustments, Settlements, and Unusual Provisions				496,000
Deferred Foreign Income Tax Expense (Benefit)				158,000
Income Tax Expense (Benefit)				496,000
Philippine Bureau Of Taxation [Member]
Income Taxes [Line Items]
Income Tax Expense (Benefit)				$ 222,000
Asian Operating Subsidiaries [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount		2,200,000
Deferred Income Tax Expense (Benefit)		$ 3,800,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Commitments and Contingencies [Line Items]
Estimated Litigation Liability	$ 8,000,000
Litigation Settlement, Expense	100,000
Property, Plant and Equipment, Net, Total	5,384,000	$ 4,723,000
Liens Under Foreign Tax Authority [Member]
Commitments and Contingencies [Line Items]
Property, Plant and Equipment, Net, Total	$ 500,000

Stock Options (Details)

Stock Options (Details) - Employee Stock Option [Member]	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at January 1, 2016 (in shares) | shares	3,970,146
Number of Options, Granted (in shares) | shares	750,000
Number of Options, Exercised (in shares) | shares	0
Number of Options, Forfeited/Expired (in shares) | shares	(240,977)
Number of Options, Outstanding at September 30, 2016 (in shares) | shares	4,479,169
Number of Options, Exercisable at September 30, 2016 (in shares) | shares	2,409,156
Number of Options, Vested and Expected to Vest at September 30, 2016 (in shares) | shares	4,479,169
Weighted - Average Exercise Price, Outstanding at January 1, 2016 (in dollars per share) | $ / shares	$ 3.02
Weighted - Average Exercise Price, Granted (in dollars per shares) | $ / shares	2.65
Weighted - Average Exercise Price, Exercised (in dollars per share) | $ / shares	0
Weighted - Average Exercise Price, Forfeited/Expired (in dollars per share) | $ / shares	3.13
Weighted - Average Exercise Price, Outstanding at September 30, 2016 (in dollars per share) | $ / shares	2.95
Weighted - Average Exercise Price, Exercisable at September 30, 2016 (in dollars per share) | $ / shares	3.12
Weighted - Average Exercise Price, Vested and Expected to Vest at September 30, 2016 (in dollars per share) | $ / shares	$ 2.95
Weighted - Average Remaining Contractual Term, Outstanding at September 30, 2016 (in years)	5 years 4 months 2 days
Weighted - Average Remaining Contractual Term, Exercisable at September 30, 2016 (in years)	4 years 7 days
Weighted - Average Remaining Contractual Term, Vested and Expected to Vest at September 30, 2016 (in years)	5 years 4 months 2 days
Aggregate Intrinsic Value, Outstanding at September 30, 2016 | $	$ 46,400
Aggregate Intrinsic Value, Exercisable at September 30, 2016 | $	5,940
Aggregate Intrinsic Value, Vested and Expected to Vest at September 30, 2016 | $	$ 46,400

Stock Options (Details 1)

Stock Options (Details 1) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of options granted (in dollars per share)	$ 1.08	$ 0
Risk-free interest rate		0.00%
Expected life (years)		0 years
Expected volatility factor	49.00%	0.00%
Expected dividends	0.00%	0.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.26%
Expected life (years)	5 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.49%
Expected life (years)	6 years

Stock Options (Details 2)

Stock Options (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 207	$ 241	$ 729	$ 800
Direct Operating Costs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	81	98	245	293
Selling and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 126	$ 143	$ 484	$ 507

Stock Options (Details Textual)

Stock Options (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Jun. 07, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized	$ 1.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	24 months
2013 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Authorized		5,858,892

Long term obligations (Details)

Long term obligations (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Vendor obligations
Capital lease obligations	[1]	$ 307	$ 423
Deferred lease payments	[2]	707	707
Microsoft licenses	[3]	173	360
Acquisition related liability	[4]	1,515	993
Pension obligations
Accrued pension liability		2,764	2,535
Long-term Debt		5,466	5,018
Less: Current portion of long term obligations		1,421	1,582
Totals		$ 4,045	$ 3,436
[1]	In March 2014, the Company entered into an equipment sale leaseback agreement with a financing company. The cash proceeds from the transaction were $0.9 million. The Company leased the equipment for a period of 36 months at an effective interest rate of approximately 6% and has the option to purchase the equipment for a nominal amount at the end of the lease term. The Company has accounted for this transaction as a financing arrangement, wherein the equipment remains on the Company’s books and will continue to be depreciated. As of September 30, 2016, the Company had made $0.8 million in lease payments under the sale leaseback agreement.
[2]	Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms.
[3]	In March 2014, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2017. Pursuant to this agreement, the Company is obligated to pay approximately $0.4 million annually over the term of the agreement.
[4]	On September 30, 2016 the Company and the other parties to the transaction in which the Company acquired MediaMiser amended the terms on which a subsidiary of the Company is required to make a supplemental purchase price payment for MediaMiser. Prior to the amendment, the amount of the supplemental purchase price payment was to be determined by the achievement of certain financial thresholds and was in no event to exceed $3.8 million (C$5 million). The amendment fixed the amount of the supplemental purchase price payment at $1.5 million (C$2 million) payable in two equal installments on March 31, 2017 and March 31, 2018 to designated recipients, except that no payments will be made to designated recipients who fail to satisfy specified conditions. The Company has the option to pay up to 70% of the supplemental amount in shares of Innodata Inc. stock.

Long term obligations (Details

Long term obligations (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,205
Prepaid expenses and other current assets [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	356
Other assets [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	713
Property and equipment [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	$ 136

Long term obligations (Detail51

Long term obligations (Details Textual) CAD in Millions, $ in Millions	1 Months Ended	9 Months Ended
	Mar. 31, 2014USD ($)	Sep. 30, 2016USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2018CAD	Mar. 31, 2017USD ($)	Mar. 31, 2017CAD	Sep. 30, 2016CAD
MediaMiser [Member]
Debt Instrument [Line Items]
Business Combination, Contingent Consideration, Liability		$ 3.8					CAD 5
Supplemental Deferred Purchase Price, Percentage		70.00%
MediaMiser [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Business Combination, Contingent Consideration, Liability			$ 1.5	CAD 2	$ 1.5	CAD 2
Vendor Agreement [Member]
Debt Instrument [Line Items]
License Costs	$ 0.4
Sale Leaseback Agreement [Member]
Debt Instrument [Line Items]
Capital Lease Obligations Lease Period	36 months
Sale Leaseback Transaction, Imputed Interest Rate	6.00%
Proceeds from Long-term Capital Lease Obligations	$ 0.9
Sale Leaseback Transaction, Rent Expense		$ 0.8

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Liability Adjustment, Other comprehensive income (loss):
Pension Liability Adjustment, Balance at Beginning of the Period	$ 1,359	$ 517	$ 1,523	$ 497
Pension Liability Adjustment, Other comprehensive loss before reclassifications, net of taxes	0	0	0	0
Pension Liability Adjustment, Total other comprehensive income (loss) before reclassifications, net of taxes	1,359	517	1,523	497
Pension Liability Adjustment, Net amount reclassified to earnings	(83)	10	(247)	30
Pension Liability Adjustment, Balance at End of the Period	1,276	527	1,276	527
Fair Value of Derivatives, Other comprehensive income (loss):
Fair Value of Derivatives, Balance at Beginning of the Period	81	146	(165)	(337)
Fair Value of Derivatives, Other comprehensive loss before reclassifications, net of taxes	(11)	(486)	223	(81)
Fair Value of Derivatives, Total other comprehensive income (loss) before reclassifications, net of taxes	70	(340)	58	(418)
Fair Value of Derivatives, Net amount reclassified to earnings	(28)	60	(16)	138
Fair Value of Derivatives, Balance at End of the Period	42	(280)	42	(280)
Foreign Currency Translation Adjustment, Other comprehensive income (loss):
Foreign Currency Translation Adjustment, Balance at Beginning of the Period	(1,078)	(867)	(1,442)	(447)
Foreign Currency Translation Adjustment, Other comprehensive loss before reclassifications, net of taxes	(118)	(393)	246	(813)
Foreign Currency Translation Adjustment, Total other comprehensive income (loss) before reclassifications, net of taxes	(1,196)	(1,260)	(1,196)	(1,260)
Foreign Currency Translation Adjustment, Net amount reclassified to earnings	0	0	0	0
Foreign Currency Translation Adjustment, Balance at End of the period	(1,196)	(1,260)	(1,196)	(1,260)
Accumulated Other Comprehensive Income (loss), Other comprehensive income (loss):
Accumulated Other Comprehensive Income (loss), Balance at Beginning of the period	362	(204)	(84)	(287)
Accumulated Other Comprehensive Income (loss), Other comprehensive loss before reclassifications, net of taxes	(129)	(879)	469	(894)
Accumulated Other Comprehensive Income (loss), Total other comprehensive income (loss) before reclassifications, net of taxes	233	(1,083)	385	(1,181)
Accumulated Other Comprehensive Income (loss), Net amount reclassified to earnings	(111)	70	(263)	168
Accumulated Other Comprehensive Income (loss), Balance at End of the period	$ 122	$ (1,013)	$ 122	$ (1,013)

Segment Reporting and Concent53

Segment Reporting and Concentrations (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenues		$ 16,060	$ 15,135	$ 47,400	$ 43,000
Income (loss) before provision for income taxes		(2,520)	736	(3,723)	(1,882)
Total assets		50,913		50,913		$ 51,237
Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(2,520)	736	(3,723)	(1,882)
After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	(2,520)	736	(3,723)	(1,882)
DDS [Member]
Segment Reporting Information [Line Items]
Revenues		12,052	13,474	38,928	38,035
Total assets		29,505		29,505		41,842
DDS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(1,132)	2,534	1,195	3,596
DDS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	(1,882)	1,892	(980)	1,755
IADS [Member]
Segment Reporting Information [Line Items]
Revenues		1,028	484	3,090	1,434
Total assets		735		735		1,026
IADS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(1,296)	(1,496)	(3,754)	(4,590)
IADS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	(553)	(861)	(1,598)	(2,773)
MIS [Member]
Segment Reporting Information [Line Items]
Revenues		2,980	1,177	5,382	3,531
Total assets		20,673		20,673		$ 8,369
MIS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(92)	(302)	(1,164)	(888)
MIS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	$ (85)	$ (295)	$ (1,145)	$ (864)
[1]	Before elimination of any inter-segment profits
[2]	After elimination of any inter-segment profits

Segment Reporting and Concent54

Segment Reporting and Concentrations (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 16,060	$ 15,135	$ 47,400	$ 43,000
Other - principally Europe
Segment Reporting Information [Line Items]
Revenues	1,883	1,354	4,828	4,179
United States
Segment Reporting Information [Line Items]
Revenues	8,263	7,275	24,614	20,478
The Netherlands
Segment Reporting Information [Line Items]
Revenues	2,006	2,514	7,096	7,274
United Kingdom
Segment Reporting Information [Line Items]
Revenues	2,417	2,520	6,397	6,771
Canada
Segment Reporting Information [Line Items]
Revenues	$ 1,491	$ 1,472	$ 4,465	$ 4,298

Segment Reporting and Concent55

Segment Reporting and Concentrations (Details 2) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 16,714	$ 10,186
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	4,676	1,104
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	5,121	635
UNITED KINGDOM
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	2,548	0
Philippines
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,991	5,223
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,639	1,611
Sri Lanka
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	689	1,580
Israel
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	48	31
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	2	2
Foreign Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 12,038	$ 9,082

Segment Reporting and Concent56

Segment Reporting and Concentrations (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	48.00%	52.00%	48.00%	52.00%
Foreign Customer [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage			53.00%		62.00%
Two clients [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	27.00%	34.00%	30.00%	34.00%
Four Clients [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage			55.00%		68.00%
One Other Client [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage		10.00%
Concentration Risk, Customer	less than 10%

Income (Loss) Per Share (Detail

Income (Loss) Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share Basic and Diluted [Line Items]
Net income (loss) attributable to Innodata Inc. and Subsidiaries	$ (2,766)	$ 406	$ (4,541)	$ (2,233)
Weighted average common shares outstanding	25,651	25,455	25,514	25,377
Dilutive effect of outstanding options	0	0	0	0
Adjusted for dilutive computation	25,651	25,455	25,514	25,377

Income (Loss) Per Share (Deta58

Income (Loss) Per Share (Details Textual) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount	0.3		0.3	0.8
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount	4.2	3.4	4.2	2.6

Derivatives (Details)

Derivatives (Details) - Foreign currency forward contracts [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments and Hedges, Liabilities	$ 42	$ 0
Accrued expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments and Hedges, Liabilities	$ 0	$ 165

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in OCI	[1]	$ (11)	$ (486)	$ 223	$ (81)
Net gain (loss) reclassified from accumulated OCI into income	[2]	28	(60)	16	(138)
Net gain recognized in income	[3]	$ 0	$ 0	$ 0	$ 0
[1]	Net change in fair value of the effective portion classified into other comprehensive income ("OCI").
[2]	Effective portion classified within direct operating cost.
[3]	There were no effective portions for the period presented.

Derivatives (Details Textual)

Derivatives (Details Textual) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative, Notional Amount	$ 17.7	$ 15.8

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Assets
Derivatives	$ 0
Liabilities
Derivatives		$ 0
Fair Value, Inputs, Level 2 [Member]
Assets
Derivatives	42
Liabilities
Derivatives		165
Fair Value, Inputs, Level 3 [Member]
Assets
Derivatives	$ 0
Liabilities
Derivatives		$ 0