Innodata (INOD) 10-K 22 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 09, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	INNODATA INC
Entity Central Index Key	903,651
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 43,073,987
Trading Symbol	INOD
Entity Common Stock, Shares Outstanding		25,877,454

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 11,407	$ 14,172
Accounts receivable, net	10,291	9,952
Prepaid expenses and other current assets	3,630	3,124
Total current assets	25,328	27,248
Property and equipment, net	7,189	5,397
Other assets	3,159	2,377
Deferred income taxes	1,757	1,641
Intangibles, net	7,606	8,191
Goodwill	2,832	2,734
Total assets	47,871	47,588
Current liabilities:
Accounts payable	1,258	1,018
Accrued expenses	5,571	4,333
Accrued salaries, wages and related benefits	5,539	5,040
Income and other taxes	1,098	1,330
Current portion of long-term obligations	2,133	1,120
Total current liabilities	15,599	12,841
Deferred income taxes	614	680
Long-term obligations, net of current portion	4,477	3,917
Non-controlling interests	(3,938)	(3,634)
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Serial preferred stock; 5,000,000 shares authorized, none outstanding	0	0
Common stock, $.01 par value; 75,000,000 shares authorized; 27,559,000 shares issued and 25,878,000 outstanding at December 31, 2017 and 27,305,000 shares issued and 25,624,000 outstanding at December 31, 2016	275	273
Additional paid-in capital	27,275	26,057
Retained earnings	7,345	12,400
Accumulated other comprehensive income (loss)	846	(324)
Stockholders' Equity before Treasury Stock, Total	35,741	38,406
Less: treasury stock, 1,681,000 shares at December 31, 2017 and December 31, 2016, at cost	(4,622)	(4,622)
Total stockholders’ equity	31,119	33,784
Total liabilities and stockholders’ equity	$ 47,871	$ 47,588

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Dec. 31, 2017	Dec. 31, 2016
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	27,559,000	27,305,000
Common stock, shares outstanding	25,878,000	25,624,000
Treasury stock, shares	1,681,000	1,681,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues	$ 60,929	$ 63,074
Operating costs and expenses:
Direct operating costs	45,826	47,219
Selling and administrative expenses	20,200	19,539
Change in fair value of contingent consideration	0	1,038
Totals	66,026	67,796
Loss from operations	(5,097)	(4,722)
Interest expense (income), net	(23)	63
Loss before provision for income taxes	(5,074)	(4,785)
Provision for income taxes	285	1,126
Net loss	(5,359)	(5,911)
Loss attributable to non-controlling interests	304	387
Net loss attributable to Innodata Inc. and Subsidiaries	$ (5,055)	$ (5,524)
Loss per share attributable to Innodata Inc. and Subsidiaries:
Basic and diluted (in dollars per share)	$ (0.2)	$ (0.22)
Weighted average shares outstanding:
Basic and diluted	25,816	25,542
Comprehensive income (loss):
Net loss	$ (5,359)	$ (5,911)
Pension liability adjustment, net of taxes	(196)	(136)
Change in fair value of derivatives, net of taxes	660	(153)
Foreign currency translation adjustment	706	49
Other comprehensive income (loss)	1,170	(240)
Total comprehensive loss	(4,189)	(6,151)
Comprehensive loss attributed to non-controlling interest	304	387
Comprehensive loss attributable to Innodata Inc. and Subsidiaries	$ (3,885)	$ (5,764)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ 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, 2015	$ 38,212	$ 270	$ 24,590	$ 17,924	$ (84)	$ (4,488)
Balance (in shares) at Dec. 31, 2015		25,445
Net loss	(5,524)	$ 0	0	(5,524)	0	0
Stock-based compensation	1,162	0	1,162	0	0	0
Issuance of common stock in connection with MediaMiser acquisition	569	$ 3	566	0	0	0
Issuance of common stock in connection with MediaMiser acquisition (in shares)		236
Acquisition of non-controlling interest	(261)	$ 0	(261)	0	0	0
Pension liability adjustments, net of taxes	(136)	0	0	0	(136)	0
Foreign currency translation adjustment	49	0	0	0	49	0
Change in fair value of derivatives, net of taxes	(153)	0	0	0	(153)	0
Purchase of treasury stock	(134)	$ 0	0	0	0	(134)
Purchase of treasury stock (in shares)		(57)
Balance at Dec. 31, 2016	33,784	$ 273	26,057	12,400	(324)	(4,622)
Balance (in shares) at Dec. 31, 2016		25,624
Net loss	(5,055)	$ 0	0	(5,055)	0	0
Stock-based compensation	695	0	695	0	0	0
Issuance of common stock in connection with MediaMiser acquisition	525	$ 2	523	0	0	0
Issuance of common stock in connection with MediaMiser acquisition (in shares)		254
Pension liability adjustments, net of taxes	(196)	$ 0	0	0	(196)	0
Foreign currency translation adjustment	706	0	0	0	706	0
Change in fair value of derivatives, net of taxes	660	0	0	0	660	0
Balance at Dec. 31, 2017	$ 31,119	$ 275	$ 27,275	$ 7,345	$ 846	$ (4,622)
Balance (in shares) at Dec. 31, 2017		25,878

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flow from operating activities:
Net loss	$ (5,359)	$ (5,911)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	3,674	3,195
Provision for doubtful accounts	(139)	136
Stock-based compensation	695	1,162
Deferred income taxes	(255)	(159)
Pension cost	245	103
Change in fair value of contingent consideration	0	1,038
Changes in operating assets and liabilities:
Accounts receivable	(40)	17
Prepaid expenses and other current assets	284	(133)
Other assets	(188)	(395)
Accounts payable and accrued expenses	1,595	(1,749)
Accrued salaries, wages and related benefits	484	84
Income and other taxes	(258)	(123)
Net cash provided by (used in) operating activities	738	(2,735)
Cash flow from investing activities:
Capital expenditures	(3,410)	(2,740)
Acquisition of business	0	(4,228)
Net cash used in investing activities	(3,410)	(6,968)
Cash flow from financing activities:
Proceeds from equipment financing	793	0
Payment of long-term obligations	(1,077)	(703)
Purchase of treasury stock	0	(134)
Net cash used in financing activities	(284)	(837)
Effect of exchange rate changes on cash and cash equivalents	191	(196)
Net decrease in cash and cash equivalents	(2,765)	(10,736)
Cash and cash equivalents, beginning of year	14,172	24,908
Cash and cash equivalents, end of year	11,407	14,172
Supplemental disclosures of cash flow information:
Cash paid for income taxes	1,090	1,306
Vendor financed software licenses acquired	1,213	0
Common stock issued for MediaMiser acquistion	$ 525	$ 569

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Business Description and Accounting Policies [Text Block]	Description of Business and Summary of Significant Accounting Policies Description of Business - The Company operates in three reporting segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). 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 and healthcare sectors to improve decision-support through digital technologies. IADS operates through two subsidiaries. Synodex offers a range of services for healthcare and insurance companies, and docGenix provides services to financial services institutions. As of December 31, 2017, Innodata owned 91 94 The Company’s MIS segment operates through our Agility PR Solutions and Bulldog Reporter subsidiaries. Agility PR Solutions offers full and self-service solutions, consisting of Agility Illuminate, Agility Connect and Agility Capture, that address the entire communications life cycle – from identifying influencers, amplifying messages, monitoring coverage, to measuring impact. Agility PR Solutions, through its Agility Illuminate product, provides media monitoring and analysis solutions and professional services to several Fortune 500 companies and Canadian government institutions, as well as small- and medium-sized businesses. Agility Illuminate enables companies to reduce the time and effort required to extract, analyze and share valuable business intelligence from traditional and online media sources. Agility Connect is a global media contact database and email distribution platform and Agility Capture provides additional self-service media monitoring and analytics capabilities. The solution is offered as software-as-a-service (SaaS). Bulldog Reporter is a news aggregation service for public relations and corporate communications professionals. Bulldog Reporter publishes a well-known daily e-newsletter, the Daily Dog. Bulldog Reporter also manages a PR industry awards program—the Bulldog Awards—which recognizes PR and communications professionals in categories including corporate social responsibility, media relations, digital and social marketing, not-for-profit activity and overall outstanding PR performance. 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. Revenue from enriched media analysis services is recognized when the services are performed and delivered to the client. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs. Foreign Currency Translation 466,000 486,000 The functional currency for our subsidiaries in Germany, United Kingdom and Canada are the Euro, the Pound Sterling and the Canadian dollar, 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 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 consolidated statements of operations and comprehensive loss. The amount of foreign currency translation adjustment was ($ 687 1,393 Derivative Instruments In the annual impairment test conducted by the Company as of September 30, 2017 and 2016, the estimated fair value of the reporting unit exceeded its carrying amount, including goodwill. As such, no impairment was identified or recorded. In assessing the realization of deferred tax assets, management considered whether it is more likely than not that all or some portion of the U.S. deferred tax assets will not be realizable. As the expectation of future taxable income resulting from Synodex cannot be predicted with certainty, the Company maintains a valuation allowance against all the U.S. and Canadian deferred tax assets. The Company accounts for income taxes regarding uncertain tax positions, and recognizes interest and penalties related to uncertain tax positions in income tax expense in the consolidated statements of operations and comprehensive loss. Year Ended December 31, 2017 2016 Direct operating costs $ 260 $ 330 Selling and adminstrative expenses 435 832 Total stock-based compensation $ 695 $ 1,162 Fair value measurements and disclosures define fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. 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 ⋅ Level 2: ⋅ Level 3: Concentration of Credit Risk 11.4 5.7 5.7 Loss per Share 1.9 2.0 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 is in the process of evaluating the effect the guidance will have on its existing accounting policies and consolidated financial statements but expects there will be an increase in assets and liabilities on the consolidated balance sheets at adoption due to the recording of right-of-use assets and corresponding lease liabilities, which may be material. In March 2017, the FASB issued guidance on Compensation - Retirement Benefits relating to improvements in the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Under existing U.S. GAAP, an entity is required to present all components of net periodic pension cost and net periodic postretirement benefit cost aggregated as a net amount in the income statement, and this net amount may be capitalized as part of an asset where appropriate. The amendments in the guidance require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period, and requires the other components of net periodic pension cost and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. Additionally, only the service cost component is eligible for capitalization, when applicable. The amendments in the guidance will be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The guidance will be effective for the Company for interim and annual periods beginning after December 15, 2017. Early adoption is permitted. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements. In January 2017, the FASB issued guidance simplifying the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. In August 2017, the FASB amended the requirements of the Derivatives and Hedging Topic of the Accounting Standards Codification to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements

Property and equipment

Property and equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2. Property and equipment December 31, 2017 2016 Equipment $ 13,574 $ 14,558 Software 7,291 5,685 Furniture and equipment 2,276 2,119 Leasehold improvements 5,342 4,929 Total 28,483 27,291 Less: accumulated depreciation and amortization (21,294) (21,894) $ 7,189 $ 5,397 Depreciation and amortization expense of property and equipment was approximately $ 2.5 2.1 Total assets financed under capital leases for 2017 were $ 0.8

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Acquisitions On July 14, 2016, Innodata’s MediaMiser subsidiary completed the acquisition of the Agility business from PR Newswire under an asset purchase agreement for cash consideration of $ 4.2 The Agility business that was acquired consists of two products – Agility Connect, a global media contact database and email distribution platform and Agility Capture that provides additional self-service media monitoring and analytics capabilities. The acquisition helped the Company’s MIS segment foster growth in North America and Europe by bolstering its media intelligence solutions and media databases, improving its media outreach capabilities, and delivering stronger, more data-powered media intelligence to clients. With this acquisition, Agility PR Solutions can now offer self and full-service solutions that address the entire communications life cycle – from identifying influencers, amplifying messages, monitoring coverage, to measuring impact. 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 $ 771 Media contact database 3,610 Developed technology 994 Tradenames and trademarks 310 Total identifiable assets acquired 5,685 Accrued salaries, wages and related benefits 63 Deferred revenues 2,560 Income and other taxes 97 Total liabilities assumed 2,720 Net identifiable assets acquired 2,965 Goodwill 1,263 Net assets acquired $ 4,228 The estimated fair value of the media contacts 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 December 31, 2016 Revenues: As reported $ 63,074 Proforma $ 66,574 Net loss attributable to Innodata Inc. and Subsidiaries: As reported $ (5,524) Proforma $ (5,188) Basic and diluted net loss per share: As reported $ (0.22) Proforma $ (0.20)

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	4. Goodwill and Intangible Assets Balance as of January 1, 2016 $ 1,476 Goodwill recorded in connection with an acquisition 1,263 Foreign currency translation adjustment (5) Balance as of December 31, 2016 2,734 Foreign currency translation adjustment 98 Balance as of December 31, 2017 $ 2,832 The goodwill recorded in connection with the acquisition is not deductible for tax purposes. Information regarding our acquisition-related intangible assets is as follows (in thousands): Developed Customer Trademarks Patents Media 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 47 76 - 2 (100) 25 Balance as of December 31, 2016 3,019 2,112 865 43 3,510 9,549 Foreign currency translation 185 152 19 3 137 496 Balance as of December 31, 2017 $ 3,204 $ 2,264 $ 884 $ 46 $ 3,647 $ 10,045 Developed Customer Trademarks Patents Media Total Accumulated amortization: Balance as of January 1, 2016 $ 280 $ 240 $ 98 $ 5 $ - $ 623 Amortization expense 257 178 105 4 181 725 Foreign currency translation 8 7 - 1 (6) 10 Balance as of December 31, 2016 545 425 203 10 175 1,358 Amortization expense 312 182 121 4 361 980 Foreign currency translation 45 38 6 1 11 101 Balance as of December 31, 2017 $ 902 $ 645 $ 330 $ 15 $ 547 $ 2,439 Amortization expense relating to acquisition-related intangible assets was $ 1.0 0.7 Year Amortization 2018 $ 1,000 2019 1,000 2020 935 2021 935 2022 935 Thereafter 2,801 $ 7,606

Taxes

Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	5. Taxes In December 2017, the President signed the U.S. Tax Cuts and Jobs Act (2017 Tax Act), which includes a broad range of provisions, many of which significantly differ from those contained in previous U.S. tax law. Changes in tax law are accounted for in the period of enactment. As such, the 2017 consolidated financial statements reflect the immediate tax effect of the 2017 Tax Act, which was enacted on December 22, 2017 (Enactment Date). The 2017 Tax Act contains several key provisions including, among other things: • A one-time tax on the mandatory deemed repatriation of post-1986 untaxed foreign earnings and profits (E&;P), referred to as the toll charge; • A reduction in the maximum Corporate tax rate from 35% to 21% for tax years beginning after December 31, 2017; • An introduction of a new U.S. tax on certain off-shore earnings referred to as Global Intangible Low-Taxed Income (GILTI) at an effective tax rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset by applicable foreign tax credits; and • A introduction of a quasi-territorial tax system for tax years beginning after December 31, 2017 by providing dividends received deduction under the participation exemption system. The Company continues to evaluate the impacts of the 2017 Tax Act. The Company is evaluating the GILTI provisions of the 2017 Tax Act and its impact, if any, on the consolidated financial statements as of December 31, 2017. The FASB allows companies to adopt an accounting policy to either recognize deferred taxes for GILTI or treat such as a tax cost in the year incurred. The Company has not yet determined the accounting policy and as such did not record a deferred income tax expense or benefit related to the GILTI provisions in the consolidated statement of operations for the year ended December 31, 2017 and will finalize this during the measurement period. Pursuant to the 2017 Tax Act, the Company recorded the following adjustments to income tax expense during the fourth quarter of 2017: • A one-time deemed repatriation of E&;P amounting to $6.4 million. No toll tax liability was recorded due to the available net operating loss carryforwards. This resulted in a reduction of deferred tax assets and a corresponding reduction in the valuation allowance of $2.2 million; and • A reduction of deferred tax assets and a corresponding reduction of the valuation allowance of $4.8 million, primarily for the remeasurement of our deferred tax assets at the enacted tax rate of 21%. An income tax benefit of $0.1 million, primarily for the remeasurement of our deferred tax liabilities at the enacted tax rate of 21%. Due to the complexities involved in accounting for the enactment of the 2017 Tax Act, SEC Staff Accounting Bulletin 118 (SAB 118) allows companies to record provisional estimates of the impacts of the 2017 Tax Act during a measurement period which is similar to the measurement period of up to one year from the enactment which is similar to the measurement period used when accounting for business combinations. The Company will continue to assess the impact of the recently enacted tax law on its consolidated financial statements. The significant components of the provision for income taxes for each of the two years in the period ended December 31, 2017 are as follows (in thousands): 2017 2016 Current income tax expense: Foreign $ 594 $ 1,301 Federal 176 - State and local 5 1 775 1,302 Deferred income tax expense (benefit): Foreign (97 ) (176 ) Federal (393 ) - (490 ) (176 ) Provision for income taxes $ 285 $ 1,126 2017 2016 Federal statutory rate (34.0 )% (34.0 )% Effect of: State income taxes (net of federal tax benefit) (0.5 ) (2.7 ) Taxes on foreign income at rates that differ from U.S. statutory rate 28.0 17.3 Change in valuation allowance on deferred tax assets (90.1 ) (34.5 ) 2017 Tax Act 136.9 - Deemed dividend under Section 956 of the Internal Revenue Code (35.4 ) 75.9 Increase (decrease) in unrecognized tax benefits 0.7 1.6 Other - 0.1 Effective tax rate 5.6 % 23.7 % Deferred tax assets and liabilities are classified as non-current. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2017 and 2016 are as follows (in thousands): December 31, 2017 2016 Deferred income tax assets: Allowances not currently deductible $ 226 $ 546 Depreciation and amortization 1,222 1,654 Equity compensation not currently deductible 853 1,836 Net operating loss carryforwards 4,542 6,718 Expenses not deductible until paid 1,142 1,079 Tax credit carryforwards - 176 Other 297 188 Total gross deferred income tax assets before valuation allowance 8,282 12,197 Valuation allowance (6,525 ) (10,556 ) Deferred income tax assets, net 1,757 1,641 Deferred income tax liabilities: Acquisition of MediaMiser (446 ) (471 ) Other (168 ) (209 ) Total deferred income tax liabilities (614 ) (680 ) Net deferred income tax assets $ 1,143 $ 961 In assessing the realization of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realizable. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible and net operating losses are available. As of December 31, 2017, the Company continues to maintain a valuation allowance on all U.S. and Canadian deferred tax assets. A significant portion of the Company’s operations are conducted outside the United States. As a result of the 2017 Tax Act, the toll charge amounted to $6.4 million. The charge was offset by the available net operating loss carryforwards. Despite the access to the overseas earnings and the resulting toll charge, the Company intends to indefinitely reinvest the foreign earnings in its foreign subsidiaries on account of the withholding tax that the Company would have to incur on the actual remittances. Unremitted earnings of foreign subsidiaries amounted to approximately $24.8 million at December 31, 2017. If such earnings are repatriated in the future, or are no longer deemed to be indefinitely reinvested, the Company would have to accrue the applicable amount of withholding taxes associated with such remittances. The 2017 Tax Act imposes a mandatory transition tax on accumulated foreign earnings and eliminates U.S. taxes on foreign subsidiary distribution. Due to the one-time transition tax on the deemed repatriation of post-1986 undistributed foreign subsidiary earnings and profits, all previously unremitted earnings for which no U.S. deferred tax liability had been accrued have now been subjected to U.S. federal income tax. As a result, earnings in foreign jurisdictions are available for distribution to the U.S. without incremental U.S. taxes. To the extent the Company repatriates these earnings to the United States, it estimates that it will not incur significant additional taxes related to such amounts, however the estimates are provisional and subject to further analysis. In 2017 the U.S. entity deferred $5.2 million in payments due to its Asian operating subsidiaries, which resulted in a deemed dividend that is taxable income for U.S. tax purposes under Section 956 of the Internal Revenue Code. The taxable income was offset against the net operating loss carryforwards of the U.S. entity. United States and foreign components of income (loss) before provision for income taxes for each of the two years ended December 31, (in thousands) are as follows: 2017 2016 United States $ (2,243 ) $ (5,401 ) Foreign (2,831 ) 616 Total $ (5,074 ) $ (4,785 ) Certain of the Company’s foreign subsidiaries are subject to preferential tax rates. In addition, one of the foreign subsidiaries enjoys a tax holiday. Due to the tax holiday and the preferential tax rates, the income tax rate for the Company was substantially reduced, the tax benefit from which was approximately $0.2 million for both 2017 and 2016. The Company’s Canadian subsidiaries claims deductions of eligible research and development expenses within the Scientific Research and Experimental Development (SR&;ED) Program, a federal tax incentive program, administered by the Canada Revenue Agency. Amounts recorded for the federal and provincial research and development tax credits aggregated $0.1 million and $0.2 million for the years ended December 31, 2017 and 2016, respectively. Such amounts have been recorded as a reduction in selling and administrative expenses. At December 31, 2017, the Company has available U.S. federal and New Jersey state net operating loss carryforwards of approximately $15.5 million and $16.9 million, respectively. These net operating loss carryforwards expire at various times through the year 2035. Stock option exercises resulted in tax deductions in excess of previously recorded benefits based on the option value at the time of grant (a “windfall”). The Company adopted the provisions of ASU 2016-9 whereby these benefits were reflected in the net operating losses and resulting deferred tax assets in 2016. Windfalls included in net operating losses were approximately $5.2 million. At December 31, 2017, the Company’s Canadian subsidiaries have available net operating loss carryforwards of approximately $8.2 million in Canada which begin to expire in 2028. In addition, these subsidiaries also have research and development expenditures of approximately $1.8 million available to reduce taxable income in future years which may be carried forward indefinitely. The potential benefits from these balances have not been recognized for financial statement purposes. The Company had unrecognized tax benefits of $0.9 million and $1.2 million as of December 31, 2017 and 2016. The portion of unrecognized tax benefits relating to interest and penalties was $0.4 million and $0.5 million as of December 31, 2017 and 2016, respectively. The unrecognized tax benefits as of December 31, 2017 and 2016, if recognized, would have an impact on the Company’s effective tax rate. The following table represents a roll forward of the Company’s unrecognized tax benefits and associated interest for the years ended (amounts in thousands): December 31, 2017 2016 Balance at January 1 $ 1,184 $ 1,207 Increase for tax position - 40 Decrease for tax position on account of settlement (402 ) (108 ) Interest accrual 44 51 Foreign currency revaluation 85 (6 ) Balance at December 31 $ 911 $ 1,184 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 2017. Pursuant to an income tax audit by the Indian Bureau of Taxation in 2009, the Company’s Indian subsidiary received a tax assessment approximating $356,000 including interest, through December 31, 2017 for the fiscal year ended March 31, 2006. Management disagrees with the basis of this tax assessment, has filed an appeal against the assessment and is contesting it vigorously. In January 2012, the Indian subsidiary received a final tax assessment of approximately $1.0 million, including interest, for the fiscal year ended March 31, 2008, from the Indian Bureau of Taxation. Management disagrees with the basis of this tax assessment and has filed an appeal against it. Due to this assessment, the Company recorded a tax provision amounting to $371,000 including interest through December 31, 2017. In April 2015, the Company received a favorable judgment whereby the Appeal Officer reduced the tax assessment to $0.3 million. Under the Indian Income Tax Act, however, the income tax assessing officer has the right to appeal against the judgment passed by the Appeal Officer. In the third quarter of 2015, the income tax assessing officer exercised this right and filed an appeal. Based on recent experience, management believes that the tax provision of $371,000 including interest is adequate. 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% of the subsidiary’s revenues and this would increase the operating costs of the Company by an equivalent amount. The revenues of the Company’s Indian subsidiary for the year ended December 31, 2017 were $15.6 million. The Company established a valuation allowance of approximately $6.5 million and $10.6 million at December 31, 2017 and 2016, respectively. The valuation allowance relates to U.S. deferred tax assets and the Company’s Canadian subsidiaries. The net change in the total valuation allowance was a decrease of $4.1 million for the years ended December 31, 2017 compared to an increase of $0.7 million in December 31, 2016. The decrease in the valuation allowance in 2017 is primarily the result of the 2017 Tax Act. The adoption of the provisions of ASU 2016-9 resulted in a $1.8 million increase in the valuation allowance in 2016. The Company from time to time is also subject to various other tax proceedings and claims for its Philippines subsidiaries. The Company has recorded a tax provision amounting to $184,000 including interest through December 31, 2017, for several ongoing tax proceedings in the Philippines. Although the ultimate outcome cannot be determined at this time, the Company continues to contest these claims vigorously.

Long-term obligations

Long-term obligations	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	6. Long-term obligations December 31, 2017 2016 Capital lease obligations $ 829 $ 224 Deferred lease payments (1) 731 705 Microsoft licenses (2) 751 - Acquisition related liability (3) 800 1,492 Lease incentive liability (4) 664 - Pension obligations - accrued pension liability 2,835 2,616 6,610 5,037 Less: Current portion of long-term obligations 2,133 1,120 Totals $ 4,477 $ 3,917 (1) (2) 0.4 Prepaid expenses and other current assets $ 404 Other assets 809 $ 1,213 (3) 3.8 5 1.5 2 70 253,622 30 (4)

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	7. Commitments and contingencies Leases Lease agreements for production space in most overseas facilities, which expire through 2030, contain provisions pursuant to which the Company may cancel the leases subject to a notice period, and generally subject to forfeiture of the security deposit. Rent expense, principally for office and production space totaled approximately $ 2.7 Future minimum lease payments under non-cancelable leases, by year and in the aggregate, as of December 31, 2017 (in thousands) are as follows: Years Ending December 31, 2018 $ 687 2019 500 2020 464 2021 478 2022 242 Thereafter 884 Total minimum lease payments $ 3,255 Litigation – The Company is also subject to various other 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 consolidated 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 referenced 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 Indemnifications

Pension benefits

Pension benefits	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	8. Pension benefits U.S. Defined Contribution Pension Plan 0.1 Non-U.S. Pension benefits Most of the non-U.S. subsidiaries provide for government-mandated defined pension benefits. For certain of these subsidiaries, vested eligible employees are provided a lump sum payment upon retiring from the Company at a defined age. The lump sum amount is based on the salary and tenure as of retirement date. Other non-U.S. subsidiaries provide for a lump sum payment to vested employees on retirement, death, incapacitation or termination of employment, based upon the salary and tenure as of the date employment ceases. The liability for such defined benefit obligations is determined and provided on the basis of actuarial valuations. As of December 31, 2017, these plans are unfunded. Pension expense for foreign subsidiaries totaled approximately $ 0.2 0.3 Years Ended December 31, 2017 2016 Amortization of transition obligation $ 38 $ 43 Actuarial loss (226) (179) Totals $ (188) $ (136) Amounts in accumulated other comprehensive loss not yet reflected in net periodic pension cost, net of taxes: Actuarial gain $ 1,331 $ 1,557 Transition obligation (132) (170) Totals $ 1,199 $ 1,387 Amounts in accumulated other comprehensive loss expected to be amortized in 2018 net periodic pension cost, net of taxes: Actuarial gain $ (157) Transition obligation 38 Totals $ (119) 2017 2016 Projected benefit obligation at beginning of the year $ 2,896 $ 2,840 Service cost 333 368 Interest cost 187 170 Curtailment (69) - Actuarial gain (107) (197) Foreign currency exchange rates changes 51 (142) Benefits paid (170) (143) Projected benefit obligation at end of the year $ 3,121 $ 2,896 2017 2016 Service cost $ 333 $ 368 Interest cost 187 170 Curtailment (69) - Actuarial gain recognized (249) (315) Net periodic pension cost $ 202 $ 223 The accumulated benefit obligation, which represents benefits earned to date, was approximately $ 2.0 1.5 2017 2016 Discount rate 5.78%-10.6% 5.4%-12.5% Rate of increase in compensation level 5%-7% 5%-8.5% The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): Years Ending December 31, 2018 $ 360 2019 221 2020 577 2021 142 2022 151 2023 to 2027 1,749 $ 3,200

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	9. Capital Stock Common Stock - Preferred Stock - Stockholders Rights Agreement - If a Person becomes an Acquiring Person, all holders of Rights, except the Acquiring Person, may purchase at the Right’s then-current exercise price, the Company’s common stock having a market value equal to twice the exercise price. Moreover, at any time after a Person becomes an Acquiring Person (unless such Person acquires 50 percent or more of the common stock of the Company then outstanding, as more fully described in the Rights Agreement), the Board of Directors may exchange one share of the Company’s common stock for each outstanding Right (other than rights owned by such Person, which would have become void). In addition, if the Company is acquired in a merger or other business combination transaction after a Person becomes an Acquiring Person, all holders of Rights, except the Acquiring Person, may purchase at the Right’s then-current exercise price, a number of the acquiring Company’s common stock having a market value of twice the exercise price. If the Company receives a “qualifying offer” (which includes certain all-cash fully financed tender offers or exchange offers for all of the Company’s outstanding common stock), under certain circumstances, holders of 10 percent of the Company’s outstanding common stock (excluding stock held by the offeror and its affiliates and associates) may direct the Board of Directors to call a special meeting of stockholders to consider a resolution exempting such “qualifying offer” from the Rights Agreement. The Rights themselves have no voting power. The Board of Directors may redeem the Rights at an initial redemption price of $0.001 per Right under certain circumstances set forth in the Rights Agreement. The Rights Agreement was approved by the Company’s stockholders at the 2016 annual meeting. The Rights will expire on January 13, 2019 unless earlier redeemed or exchanged. Common Stock Reserved - Treasury Stock -

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2017
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	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 For the Years Ended December 31, 2017 2016 Weighted average fair value of options granted $ 0.73 $ 1.11 Risk-free interest rate 1.91 % 1.26%-1.93 % Expected life (years) 6 5-6 Expected volatility factor 49.62 % 47%-49 % Expected dividends None None The Company estimates the risk-free interest rate using the U.S. Treasury yield curve for periods equal to the expected term of the options in effect at the time of grant. The expected term of options granted is based on a combination of vesting schedules, term of the options and historical experience. Expected volatility is based on historical volatility of the Company’s common stock. The Company uses an expected dividend yield of zero since it has never declared or paid any dividends on its capital stock. Number of Weighted - Weighted-Average Aggregate Outstanding at January 1, 2017 5,169,169 $ 2.88 Granted 40,000 1.50 Exercised - - Forfeited/Expired (967,370) 3.08 Outstanding at December 31, 2017 4,241,799 $ 2.82 4.80 $ - Exercisable at December 31, 2017 3,567,136 $ 2.89 4.08 $ - Vested and Expected to Vest at December 31, 2017 4,241,799 $ 2.82 4.80 $ - The total compensation cost related to non-vested stock options not yet recognized as of December 31, 2017 totaled approximately $ 0.8 There were no option exercises during the years ended December 31, 2017 and 2016.

Comprehensive income (loss)

Comprehensive income (loss)	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Comprehensive income (loss) Accumulated other comprehensive income (loss), as reflected in the consolidated balance sheets, consists of pension liability adjustments, net of taxes, foreign currency translation adjustment and changes in fair value of derivatives, net of taxes. Pension Liability Fair Value of Foreign Currency Accumulated Other Balance at January 1, 2017 $ 1,387 $ (318) $ (1,393) $ (324) Other comprehensive income before reclassifications, net of taxes - 574 706 1,280 Total other comprehensive income (loss) before reclassifications, net of taxes 1,387 256 (687) 956 Net amount reclassified to earnings (196) 86 - (110) Balance at December 31, 2017 $ 1,191 $ 342 $ (687) $ 846 Pension Liability Fair Value of Foreign Currency Accumulated Other Balance at January 1, 2016 $ 1,523 $ (165) $ (1,442) $ (84) Other comprehensive income (loss) before reclassifications, net of taxes - (90) 49 (41) Total other comprehensive income (loss) before reclassifications, net of taxes 1,523 (255) (1,393) (125) Net amount reclassified to earnings (136) (63) - (199) Balance at December 31, 2016 $ 1,387 $ (318) $ (1,393) $ (324) All reclassifications out of accumulated other comprehensive income (loss) had an impact on direct operating costs in the consolidated statements of operations and comprehensive loss.

Segment reporting and concentra

Segment reporting and concentrations	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	12. 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 financial services institutions. The Company’s MIS segment operates through its Agility PR Solutions and Bulldog Reporter subsidiaries. Agility PR Solutions offers self and full-service solutions that address the entire communications life cycle – from identifying influencers, amplifying messages, monitoring coverage, to measuring impact. A significant portion of the Company’s revenues is generated from its production facilities in the Philippines, India, Sri Lanka, Canada, Germany, the United Kingdom and Israel. For the Years Ended December 31, 2017 2016 Revenues: DDS $ 46,753 $ 50,639 IADS 4,751 4,347 MIS 9,425 8,088 Total Consolidated $ 60,929 $ 63,074 Income (loss) before provision for income taxes (1) DDS $ 1,327 $ 1,137 IADS (3,588) (4,664) MIS (2,813) (1,258) Total Consolidated $ (5,074) $ (4,785) Loss before provision for income taxes (2) DDS $ (1,729) $ (1,776) IADS (596) (1,778) MIS (2,749) (1,231) Total Consolidated $ (5,074) $ (4,785) December 31, 2017 December 31, 2016 Total assets: DDS $ 25,520 $ 24,432 IADS 1,331 1,282 MIS 21,020 21,874 Total Consolidated $ 47,871 $ 47,588 December 31, 2017 December 31, 2016 Goodwill: DDS $ 675 $ 675 MIS 2,157 2,059 Total Consolidated $ 2,832 $ 2,734 (1) (2) 2017 2016 (in thousands) United States $ 5,321 $ 4,669 Foreign countries: Canada 6,888 5,085 United Kingdom 2,388 2,376 Philippines 1,446 1,940 India 1,042 1,520 Sri Lanka 504 683 Israel 36 47 Germany 2 2 Total foreign 12,306 11,653 Total $ 17,627 $ 16,322 Two clients in the DDS segment generated approximately 30 31 2017 10 December 31, 2017 51 49 2017 2016 (in thousands) United States $ 30,135 $ 32,070 United Kingdom 10,514 8,271 Others - principally Europe 7,773 7,555 The Netherlands 6,871 9,216 Canada 5,636 5,962 Total $ 60,929 $ 63,074 As of December 31, 2017, approximately 61 51 73 52 10

Loss per Share

Loss per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	13. Loss per Share For the Years Ended 2017 2016 (in thousands) Net loss attributable to Innodata Inc. and Subsidiaries $ (5,055) $ (5,524) Weighted average common shares outstanding 25,816 25,542 Dilutive effect of outstanding options - - Adjusted for dilutive computation 25,816 25,542 Basic loss per share is computed using the weighted-average number of common shares outstanding during the year. Diluted 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 (loss) per share is used. Options to purchase 4.2 5.2

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	14. 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 most of the Company’s revenues are 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 December 31, 2017 and 2016 was $ 15.9 19.3 Balance Sheet Location Fair Value 2017 2016 Derivatives designated as hedging instruments: Foreign currency forward contracts Prepaid expenses and other current assets $ 342 $ - Foreign currency forward contracts Accrued expenses $ - $ 318 2017 2016 Net gain (loss) recognized in OCI (1) $ 574 $ (90) Net gain (loss) reclassified from accumulated OCI into income (2) $ (86) $ 63 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 costs (3) There were no ineffective portions for the period presented.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2017
Investments, All Other Investments [Abstract]
Financial Instruments Disclosure [Text Block]	15. Financial Instruments The carrying amounts of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximated their fair value as of December 31, 2017 and 2016, 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 ¨ Level 2: ¨ Level 3: The following table sets forth the assets and liabilities as of December 31, 2017 and 2016 that the Company measured at fair value, on a recurring basis by level, within the fair value hierarchy (in thousands). December 31, 2017 Level 1 Level 2 Level 3 Assets Derivatives $ - $ 342 $ - December 31, 2016 Level 1 Level 2 Level 3 Liabilities Derivatives $ - $ 318 $ - The Level 2 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 December 31, 2017 and 2016 are included in accrued expenses in the accompanying consolidated balance sheets.

Description of Business and S22

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Business Combinations Policy [Policy Text Block]	Description of Business - The Company operates in three reporting segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). 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 and healthcare sectors to improve decision-support through digital technologies. IADS operates through two subsidiaries. Synodex offers a range of services for healthcare and insurance companies, and docGenix provides services to financial services institutions. As of December 31, 2017, Innodata owned 91 94 The Company’s MIS segment operates through our Agility PR Solutions and Bulldog Reporter subsidiaries. Agility PR Solutions offers full and self-service solutions, consisting of Agility Illuminate, Agility Connect and Agility Capture, that address the entire communications life cycle – from identifying influencers, amplifying messages, monitoring coverage, to measuring impact. Agility PR Solutions, through its Agility Illuminate product, provides media monitoring and analysis solutions and professional services to several Fortune 500 companies and Canadian government institutions, as well as small- and medium-sized businesses. Agility Illuminate enables companies to reduce the time and effort required to extract, analyze and share valuable business intelligence from traditional and online media sources. Agility Connect is a global media contact database and email distribution platform and Agility Capture provides additional self-service media monitoring and analytics capabilities. The solution is offered as software-as-a-service (SaaS). Bulldog Reporter is a news aggregation service for public relations and corporate communications professionals. Bulldog Reporter publishes a well-known daily e-newsletter, the Daily Dog. Bulldog Reporter also manages a PR industry awards program—the Bulldog Awards—which recognizes PR and communications professionals in categories including corporate social responsibility, media relations, digital and social marketing, not-for-profit activity and overall outstanding PR performance.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition 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. Revenue from enriched media analysis services is recognized when the services are performed and delivered to the client. Revenues include reimbursement of out-of-pocket expenses, with the corresponding out-of-pocket expenses included in direct operating costs.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The functional currency for our subsidiaries in Germany, United Kingdom and Canada are the Euro, the Pound Sterling and the Canadian dollar, 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 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 consolidated statements of operations and comprehensive loss. The amount of foreign currency translation adjustment was ($687,000) and $1,393,000 as of December 31, 2017 and 2016, respectively.
Derivatives, Policy [Policy Text Block]	Derivative Instruments -
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents -
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment -
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-lived Assets
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets - In the annual impairment test conducted by the Company as of September 30, 2017 and 2016, the estimated fair value of the reporting unit exceeded its carrying amount, including goodwill. As such, no impairment was identified or recorded.
Income Tax, Policy [Policy Text Block]	Income Taxes In assessing the realization of deferred tax assets, management considered whether it is more likely than not that all or some portion of the U.S. deferred tax assets will not be realizable. As the expectation of future taxable income resulting from Synodex cannot be predicted with certainty, the Company maintains a valuation allowance against all the U.S. and Canadian deferred tax assets. The Company accounts for income taxes regarding uncertain tax positions, and recognizes interest and penalties related to uncertain tax positions in income tax expense in the consolidated statements of operations and comprehensive loss.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Year Ended December 31, 2017 2016 Direct operating costs $ 260 $ 330 Selling and adminstrative expenses 435 832 Total stock-based compensation $ 695 $ 1,162
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Fair value measurements and disclosures define fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. 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 ⋅ Level 2: ⋅ Level 3:
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable
Concentration Risk, Credit Risk, Policy [Policy Text Block]	11.4 5.7 5.7
Earnings Per Share, Policy [Policy Text Block]	Loss per Share
Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block]	Pension -
Revenue Recognition, Deferred Revenue [Policy Text Block]	Deferred Revenue 1.9 2.0
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements 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 is in the process of evaluating the effect the guidance will have on its existing accounting policies and consolidated financial statements but expects there will be an increase in assets and liabilities on the consolidated balance sheets at adoption due to the recording of right-of-use assets and corresponding lease liabilities, which may be material. 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. The Company adopted this standard in 2017 and there was no material impact on its consolidated financial statements. In March 2017, the FASB issued guidance on Compensation - Retirement Benefits relating to improvements in the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Under existing U.S. GAAP, an entity is required to present all components of net periodic pension cost and net periodic postretirement benefit cost aggregated as a net amount in the income statement, and this net amount may be capitalized as part of an asset where appropriate. The amendments in the guidance require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period, and requires the other components of net periodic pension cost and net periodic postretirement benefit cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. Additionally, only the service cost component is eligible for capitalization, when applicable. The amendments in the guidance will be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The guidance will be effective for the Company for interim and annual periods beginning after December 15, 2017. Early adoption is permitted. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements. In January 2017, the FASB issued guidance simplifying the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. In August 2017, the FASB amended the requirements of the Derivatives and Hedging Topic of the Accounting Standards Codification to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The amendments will be effective for the Company for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements

Description of Business and S23

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]	The stock-based compensation expense related to the Company’s various stock option plans was allocated as follows (in thousands): Year Ended December 31, 2017 2016 Direct operating costs $ 260 $ 330 Selling and adminstrative expenses 435 832 Total stock-based compensation $ 695 $ 1,162

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment, which include amounts recorded under capital leases, are stated at cost less accumulated depreciation and amortization (in thousands), and consist of the following: December 31, 2017 2016 Equipment $ 13,574 $ 14,558 Software 7,291 5,685 Furniture and equipment 2,276 2,119 Leasehold improvements 5,342 4,929 Total 28,483 27,291 Less: accumulated depreciation and amortization (21,294) (21,894) $ 7,189 $ 5,397

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2017
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 final purchase price allocation for the acquisition: Amount Accounts receivable $ 771 Media contact database 3,610 Developed technology 994 Tradenames and trademarks 310 Total identifiable assets acquired 5,685 Accrued salaries, wages and related benefits 63 Deferred revenues 2,560 Income and other taxes 97 Total liabilities assumed 2,720 Net identifiable assets acquired 2,965 Goodwill 1,263 Net assets acquired $ 4,228
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, 2016 (amounts in thousands, except per share amounts). December 31, 2016 Revenues: As reported $ 63,074 Proforma $ 66,574 Net loss attributable to Innodata Inc. and Subsidiaries: As reported $ (5,524) Proforma $ (5,188) Basic and diluted net loss per share: As reported $ (0.22) Proforma $ (0.20)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill as of December 31, 2017 and 2016 were as follows (in thousands): Balance as of January 1, 2016 $ 1,476 Goodwill recorded in connection with an acquisition 1,263 Foreign currency translation adjustment (5) Balance as of December 31, 2016 2,734 Foreign currency translation adjustment 98 Balance as of December 31, 2017 $ 2,832
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Information regarding our acquisition-related intangible assets is as follows (in thousands): Developed Customer Trademarks Patents Media 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 47 76 - 2 (100) 25 Balance as of December 31, 2016 3,019 2,112 865 43 3,510 9,549 Foreign currency translation 185 152 19 3 137 496 Balance as of December 31, 2017 $ 3,204 $ 2,264 $ 884 $ 46 $ 3,647 $ 10,045 Developed Customer Trademarks Patents Media Total Accumulated amortization: Balance as of January 1, 2016 $ 280 $ 240 $ 98 $ 5 $ - $ 623 Amortization expense 257 178 105 4 181 725 Foreign currency translation 8 7 - 1 (6) 10 Balance as of December 31, 2016 545 425 203 10 175 1,358 Amortization expense 312 182 121 4 361 980 Foreign currency translation 45 38 6 1 11 101 Balance as of December 31, 2017 $ 902 $ 645 $ 330 $ 15 $ 547 $ 2,439
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated annual amortization expense for intangible assets subsequent to December 31, 2017 is as follows (in thousands): Year Amortization 2018 $ 1,000 2019 1,000 2020 935 2021 935 2022 935 Thereafter 2,801 $ 7,606

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The significant components of the provision for income taxes for each of the two years in the period ended December 31, 2017 are as follows (in thousands): 2017 2016 Current income tax expense: Foreign $ 594 $ 1,301 Federal 176 - State and local 5 1 775 1,302 Deferred income tax expense (benefit): Foreign (97) (176) Federal (393) - (490) (176) Provision for income taxes $ 285 $ 1,126
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The reconciliation of the U.S. statutory rate with the Company’s effective tax rate for each of the two years in the period ended December 31, 2017 is summarized as follows: 2017 2016 Federal statutory rate (34.0 )% (34.0 )% Effect of: State income taxes (net of federal tax benefit) (0.5 ) (2.7 ) Taxes on foreign income at rates that differ from U.S. statutory rate 28.0 17.3 Change in valuation allowance on deferred tax assets (90.1 ) (34.5 ) 2017 Tax Act 136.9 - Deemed dividend under Section 956 of the Internal Revenue Code (35.4 ) 75.9 Increase (decrease) in unrecognized tax benefits 0.7 1.6 Other - 0.1 Effective tax rate 5.6 % 23.7 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax assets and liabilities are classified as non-current. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2017 and 2016 are as follows (in thousands): December 31, 2017 2016 Deferred income tax assets: Allowances not currently deductible $ 226 $ 546 Depreciation and amortization 1,222 1,654 Equity compensation not currently deductible 853 1,836 Net operating loss carryforwards 4,542 6,718 Expenses not deductible until paid 1,142 1,079 Tax credit carryforwards - 176 Other 297 188 Total gross deferred income tax assets before valuation allowance 8,282 12,197 Valuation allowance (6,525) (10,556) Deferred income tax assets, net 1,757 1,641 Deferred income tax liabilities: Acquisition of MediaMiser (446) (471) Other (168) (209) Total deferred income tax liabilities (614) (680) Net deferred income tax assets $ 1,143 $ 961
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	United States and foreign components of income (loss) before provision for income taxes for each of the two years ended December 31, (in thousands) are as follows: 2017 2016 United States $ (2,243) $ (5,401) Foreign (2,831) 616 Total $ (5,074) $ (4,785)
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	The following table represents a roll forward of the Company’s unrecognized tax benefits and associated interest for the years ended (amounts in thousands): December 31, 2017 2016 Balance at January 1 $ 1,184 $ 1,207 Increase for tax position - 40 Decrease for tax position on account of settlement (402) (108) Interest accrual 44 51 Foreign currency revaluation 85 (6) Balance at December 31 $ 911 $ 1,184

Long-term obligations (Tables)

Long-term obligations (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Total long-term obligations as of December 31, 2017 and 2016 consist of the following (in thousands): December 31, 2017 2016 Capital lease obligations $ 829 $ 224 Deferred lease payments (1) 731 705 Microsoft licenses (2) 751 - Acquisition related liability (3) 800 1,492 Lease incentive liability (4) 664 - Pension obligations - accrued pension liability 2,835 2,616 6,610 5,037 Less: Current portion of long-term obligations 2,133 1,120 Totals $ 4,477 $ 3,917 (1) (2) 0.4 Prepaid expenses and other current assets $ 404 Other assets 809 $ 1,213 (3) 3.8 5 1.5 2 70 253,622 30 (4)

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum lease payments under non-cancelable leases, by year and in the aggregate, as of December 31, 2017 (in thousands) are as follows: Years Ending December 31, 2018 $ 687 2019 500 2020 464 2021 478 2022 242 Thereafter 884 Total minimum lease payments $ 3,255

Pension benefits (Tables)

Pension benefits (Tables)	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]	The following table summarizes the amounts recognized in accumulated other comprehensive income (loss), net of taxes (in thousands): Years Ended December 31, 2017 2016 Amortization of transition obligation $ 38 $ 43 Actuarial loss (226) (179) Totals $ (188) $ (136) Amounts in accumulated other comprehensive loss not yet reflected in net periodic pension cost, net of taxes: Actuarial gain $ 1,331 $ 1,557 Transition obligation (132) (170) Totals $ 1,199 $ 1,387 Amounts in accumulated other comprehensive loss expected to be amortized in 2018 net periodic pension cost, net of taxes: Actuarial gain $ (157) Transition obligation 38 Totals $ (119)
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]	Benefit Obligations: 2017 2016 Projected benefit obligation at beginning of the year $ 2,896 $ 2,840 Service cost 333 368 Interest cost 187 170 Curtailment (69) - Actuarial gain (107) (197) Foreign currency exchange rates changes 51 (142) Benefits paid (170) (143) Projected benefit obligation at end of the year $ 3,121 $ 2,896
Schedule of Net Benefit Costs [Table Text Block]	Components of Net Periodic Pension Cost: 2017 2016 Service cost $ 333 $ 368 Interest cost 187 170 Curtailment (69) - Actuarial gain recognized (249) (315) Net periodic pension cost $ 202 $ 223
Schedule of Assumptions Used [Table Text Block]	Actuarial assumptions for all non-U.S. plans are described below. The discount rates are used to measure the year end benefit obligations and the earnings effects for the subsequent year. The assumptions for each of the two years in the period ended December 31, 2017 are as follows: 2017 2016 Discount rate 5.78%-10.6% 5.4%-12.5% Rate of increase in compensation level 5%-7% 5%-8.5%
Schedule of Expected Benefit Payments [Table Text Block]	Estimated Future Benefit Payments: The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands): Years Ending December 31, 2018 $ 360 2019 221 2020 577 2021 142 2022 151 2023 to 2027 1,749 $ 3,200

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
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: For the Years Ended December 31, 2017 2016 Weighted average fair value of options granted $ 0.73 $ 1.11 Risk-free interest rate 1.91 % 1.26%-1.93 % Expected life (years) 6 5-6 Expected volatility factor 49.62 % 47%-49 % Expected dividends None None
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of option activity under the Plans as of December 31, 2017, and changes during the year then ended, is presented below: Number of Weighted - Weighted-Average Aggregate Outstanding at January 1, 2017 5,169,169 $ 2.88 Granted 40,000 1.50 Exercised - - Forfeited/Expired (967,370) 3.08 Outstanding at December 31, 2017 4,241,799 $ 2.82 4.80 $ - Exercisable at December 31, 2017 3,567,136 $ 2.89 4.08 $ - Vested and Expected to Vest at December 31, 2017 4,241,799 $ 2.82 4.80 $ -

Comprehensive income (loss) (Ta

Comprehensive income (loss) (Tables)	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive income (loss) as of December 31, 2017 and 2016, and reclassifications out of other comprehensive income (loss) for the years then ended, are presented below (in thousands): Pension Liability Fair Value of Foreign Currency Accumulated Other Balance at January 1, 2017 $ 1,387 $ (318) $ (1,393) $ (324) Other comprehensive income before reclassifications, net of taxes - 574 706 1,280 Total other comprehensive income (loss) before reclassifications, net of taxes 1,387 256 (687) 956 Net amount reclassified to earnings (196) 86 - (110) Balance at December 31, 2017 $ 1,191 $ 342 $ (687) $ 846 Pension Liability Fair Value of Foreign Currency Accumulated Other Balance at January 1, 2016 $ 1,523 $ (165) $ (1,442) $ (84) Other comprehensive income (loss) before reclassifications, net of taxes - (90) 49 (41) Total other comprehensive income (loss) before reclassifications, net of taxes 1,523 (255) (1,393) (125) Net amount reclassified to earnings (136) (63) - (199) Balance at December 31, 2016 $ 1,387 $ (318) $ (1,393) $ (324)

Segment reporting and concent33

Segment reporting and concentrations (Tables)	12 Months Ended
	Dec. 31, 2017
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): For the Years Ended December 31, 2017 2016 Revenues: DDS $ 46,753 $ 50,639 IADS 4,751 4,347 MIS 9,425 8,088 Total Consolidated $ 60,929 $ 63,074 Income (loss) before provision for income taxes (1) DDS $ 1,327 $ 1,137 IADS (3,588) (4,664) MIS (2,813) (1,258) Total Consolidated $ (5,074) $ (4,785) Loss before provision for income taxes (2) DDS $ (1,729) $ (1,776) IADS (596) (1,778) MIS (2,749) (1,231) Total Consolidated $ (5,074) $ (4,785) December 31, 2017 December 31, 2016 Total assets: DDS $ 25,520 $ 24,432 IADS 1,331 1,282 MIS 21,020 21,874 Total Consolidated $ 47,871 $ 47,588 December 31, 2017 December 31, 2016 Goodwill: DDS $ 675 $ 675 MIS 2,157 2,059 Total Consolidated $ 2,832 $ 2,734 (1) (2)
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Long-lived assets as of December 31, 2017 and 2016 by geographic region are comprised of: 2017 2016 (in thousands) United States $ 5,321 $ 4,669 Foreign countries: Canada 6,888 5,085 United Kingdom 2,388 2,376 Philippines 1,446 1,940 India 1,042 1,520 Sri Lanka 504 683 Israel 36 47 Germany 2 2 Total foreign 12,306 11,653 Total $ 17,627 $ 16,322
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Revenues for each of the two years in the period ended December 31, 2017 by geographic region (determined based upon client’s domicile), are as follows: 2017 2016 (in thousands) United States $ 30,135 $ 32,070 United Kingdom 10,514 8,271 Others - principally Europe 7,773 7,555 The Netherlands 6,871 9,216 Canada 5,636 5,962 Total $ 60,929 $ 63,074

Loss per Share (Tables)

Loss per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Years Ended 2017 2016 (in thousands) Net loss attributable to Innodata Inc. and Subsidiaries $ (5,055) $ (5,524) Weighted average common shares outstanding 25,816 25,542 Dilutive effect of outstanding options - - Adjusted for dilutive computation 25,816 25,542

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017 and 2016 (in thousands): Balance Sheet Location Fair Value 2017 2016 Derivatives designated as hedging instruments: Foreign currency forward contracts Prepaid expenses and other current assets $ 342 $ - Foreign currency forward contracts Accrued expenses $ - $ 318
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	The effect of foreign currency forward contracts designated as cash flow hedges on the consolidated statements of operations for the years ended December 31, 2017 and 2016 were as follows (in thousands): 2017 2016 Net gain (loss) recognized in OCI (1) $ 574 $ (90) Net gain (loss) reclassified from accumulated OCI into income (2) $ (86) $ 63 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 costs (3) There were no ineffective portions for the period presented.

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, All Other Investments [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	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. December 31, 2017 Level 1 Level 2 Level 3 Assets Derivatives $ - $ 342 $ - December 31, 2016 Level 1 Level 2 Level 3 Liabilities Derivatives $ - $ 318 $ -

Description of Business and S37

Description of Business and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Direct operating costs	$ 260	$ 330
Selling and administrative expenses	435	832
Total stock-based compensation	$ 695	$ 1,162

Description of Business and S38

Description of Business and Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Description of Business and Summary of Significant Accounting Policies [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ 466,000	$ 486,000
Deferred Revenue	1,900,000	2,000,000
Cash and Cash Equivalents, at Carrying Value, Total	11,407,000	14,172,000	$ 24,908,000
Other Comprehensive Income Loss, Foreign Currency Transaction and Translation Gain Loss, Net of Tax	(687,000)	$ (1,393,000)
UNITED STATES
Description of Business and Summary of Significant Accounting Policies [Line Items]
Cash and Cash Equivalents, at Carrying Value, Total	$ 5,700,000
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%
Foreign Subsidiaries [Member]
Description of Business and Summary of Significant Accounting Policies [Line Items]
Cash and Cash Equivalents, at Carrying Value, Total	$ 5,700,000

Property and equipment (Details

Property and equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total	$ 28,483	$ 27,291
Less: accumulated depreciation and amortization	(21,294)	(21,894)
Property, Plant and Equipment, Net	7,189	5,397
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	13,574	14,558
Software [Member]
Property, Plant and Equipment [Line Items]
Total	7,291	5,685
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Total	2,276	2,119
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total	$ 5,342	$ 4,929

Property and equipment (Detai40

Property and equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	$ 3,674,000	$ 3,195,000
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization	2,500,000	2,100,000
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Capital Leased Assets, Gross	$ 800,000	$ 0

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Jul. 14, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 2,832	$ 2,734		$ 1,476
MediaMiser [Member]
Business Acquisition [Line Items]
Accounts receivable			$ 771
Total identifiable assets acquired			5,685
Accrued salaries, wages and related benefits			63
Deferred revenues			2,560
Income and other taxes			97
Total liabilities assumed			2,720
Net identifiable assets acquired			2,965
Goodwill			1,263
Net assets acquired			4,228
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] | Tradenames and Trademarks [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			310
MediaMiser [Member] | Media Contact Database [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	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues:
As reported	$ 60,929	$ 63,074
Proforma		66,574
Net loss attributable to Innodata Inc. and Subsidiaries:
As reported	$ (5,055)	(5,524)
Proforma		$ (5,188)
Basic and diluted net loss per share:
As reported	$ (0.2)	$ (0.22)
Proforma		$ (0.2)

Acquisitions (Details Textual)

Acquisitions (Details Textual) - USD ($) $ in Millions	Jul. 14, 2016	Dec. 31, 2017
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Business Acquisition Percentage Of Discount Rate	13.50%
Business Combination, Consideration Transferred	$ 4.2

Goodwill and Intangible Asset44

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Line Items]
Balance	$ 2,734	$ 1,476
Goodwill recorded in connection with an acquisition		1,263
Foreign currency translation adjustment	98	(5)
Balance	$ 2,832	$ 2,734

Goodwill and Intangible Asset45

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Gross carrying amounts:
Balance	$ 9,549	$ 4,610
Additions		4,914
Foreign currency translation	496	25
Balance	10,045	9,549
Accumulated amortization:
Balance	1,358	623
Amortization expense	980	725
Foreign currency translation	101	10
Balance	2,439	1,358
Developed Technology Rights [Member]
Gross carrying amounts:
Balance	3,019	1,978
Additions		994
Foreign currency translation	185	47
Balance	3,204	3,019
Accumulated amortization:
Balance	545	280
Amortization expense	312	257
Foreign currency translation	45	8
Balance	902	545
Customer Relationships [Member]
Gross carrying amounts:
Balance	2,112	2,036
Additions		0
Foreign currency translation	152	76
Balance	2,264	2,112
Accumulated amortization:
Balance	425	240
Amortization expense	182	178
Foreign currency translation	38	7
Balance	645	425
Trademarks and TradeNames [Member]
Gross carrying amounts:
Balance	865	555
Additions		310
Foreign currency translation	19	0
Balance	884	865
Accumulated amortization:
Balance	203	98
Amortization expense	121	105
Foreign currency translation	6	0
Balance	330	203
Patents [Member]
Gross carrying amounts:
Balance	43	41
Additions		0
Foreign currency translation	3	2
Balance	46	43
Accumulated amortization:
Balance	10	5
Amortization expense	4	4
Foreign currency translation	1	1
Balance	15	10
Database Rights [Member]
Gross carrying amounts:
Balance	3,510	0
Additions		3,610
Foreign currency translation	137	(100)
Balance	3,647	3,510
Accumulated amortization:
Balance	175	0
Amortization expense	361	181
Foreign currency translation	11	(6)
Balance	$ 547	$ 175

Goodwill and Intangible Asset46

Goodwill and Intangible Assets (Details 2) $ in Thousands	Dec. 31, 2017USD ($)
Finite-Lived Intangible Assets [Line Items]
2,018	$ 1,000
2,019	1,000
2,020	935
2,021	935
2,022	935
Thereafter	2,801
Finite-Lived Intangible Assets, Net	$ 7,606

Goodwill and Intangible Asset47

Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 980	$ 725

Taxes (Details)

Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current income tax expense:
Foreign	$ 594	$ 1,301
Federal	176	0
State and local	5	1
Current income tax expense	775	1,302
Deferred income tax expense (benefit):
Foreign	(97)	(176)
Federal	(393)	0
Deferred income tax expense (benefit)	(490)	(176)
Provision for income taxes	$ 285	$ 1,126

Taxes (Details 1)

Taxes (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
Federal statutory rate	(34.00%)	(34.00%)
Effect of:
State income taxes (net of federal tax benefit)	(0.50%)	(2.70%)
Taxes on foreign income at rates that differ from U.S. statutory rate	28.00%	17.30%
Change in valuation allowance on deferred tax assets	(90.10%)	(34.50%)
2017 Tax Act	136.90%	0.00%
Deemed dividend under Section 956 of the Internal Revenue Code	(35.40%)	75.90%
Increase (decrease) in unrecognized tax benefits	0.70%	1.60%
Other	0.00%	0.10%
Effective tax rate	5.60%	23.70%

Taxes (Details 2)

Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred income tax assets:
Allowances not currently deductible	$ 226	$ 546
Depreciation and amortization	1,222	1,654
Equity compensation not currently deductible	853	1,836
Net operating loss carryforwards	4,542	6,718
Expenses not deductible until paid	1,142	1,079
Tax credit carryforwards	0	176
Other	297	188
Total gross deferred income tax assets before valuation allowance	8,282	12,197
Valuation allowance	(6,525)	(10,556)
Deferred income tax assets, net	1,757	1,641
Deferred income tax liabilities:
Acquisition of MediaMiser	(446)	(471)
Other	(168)	(209)
Totals	(614)	(680)
Net deferred income tax assets	$ 1,143	$ 961

Taxes (Details 3)

Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
United States	$ (2,243)	$ (5,401)
Foreign	(2,831)	616
Total	$ (5,074)	$ (4,785)

Taxes (Details 4)

Taxes (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Contingency [Line Items]
Balance at January 1	$ 1,184	$ 1,207
Increase for tax position	0	40
Decrease for tax position on account of settlement	(402)	(108)
Interest accrual	44	51
Foreign currency revaluation	85	(6)
Balance at December 31	$ 911	$ 1,184

Taxes (Details Textual)

Taxes (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2015	Dec. 31, 2026	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2012
Income Taxes [Line Items]
Unrecognized Tax Benefits				$ 911,000	$ 1,184,000	$ 1,207,000
Income Tax Examination, Penalties and Interest Accrued				400,000	500,000
Foreign Income Tax Expense (Benefit), Continuing Operations	$ 300,000
Income Tax Expense (Benefit)				285,000	1,126,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount				4,100,000	700,000
Undistributed Earnings of Foreign Subsidiaries				24,800,000
Income Tax Holiday, Aggregate Dollar Amount				200,000	200,000
Deferred Tax Assets, Valuation Allowance				6,525,000	$ 10,556,000
Dividends, Total				5,200,000
Percentage for Subsidiary Service Tax						14.50%
Subsidiary Revenue				$ 15,600,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				34.00%	34.00%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount				$ 6,400,000
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount				4,800,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount				100,000
Operating Loss Carryforwards, Valuation Allowance				2,200,000
Canadian subsidiaries [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards				$ 8,200,000
Global Intangible Low-Taxed Income [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				10.50%
Scenario, Plan [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Scenario, Plan [Member] | Global Intangible Low-Taxed Income [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		13.125%
Accounting Standards Update 2016-9 [Member]
Income Taxes [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount				$ 1,800,000
Research Tax Credit Carryforward [Member] | Canadian subsidiaries [Member]
Income Taxes [Line Items]
Tax Credit Carryforward, Amount				$ 1,800,000
Maximum [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				35.00%
Windfall [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards				$ 5,200,000
Domestic Tax Authority [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards				15,500,000
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards				16,900,000
Indian Bureau Of Taxation [Member]
Income Taxes [Line Items]
Foreign Income Tax Expense (Benefit), Continuing Operations				356,000			$ 1,000,000
Tax Adjustments, Settlements, and Unusual Provisions				371,000
Income Tax Expense (Benefit)				371,000
Philippine Bureau Of Taxation [Member]
Income Taxes [Line Items]
Income Tax Expense (Benefit)				184,000
MediaMiser [Member]
Income Taxes [Line Items]
Tax Credit Carryforward, Amount				$ 100,000	$ 200,000

Long-term obligations (Details)

Long-term obligations (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Vendor obligations
Capital lease obligations		$ 829	$ 224
Deferred lease payments	[1]	731	705
Microsoft licenses	[2]	751	0
Acquisition related liability	[3]	800	1,492
Lease incentive liability	[4]	664	0
Pension obligations
Accrued pension liability		2,835	2,616
Long-term Debt		6,610	5,037
Less: Current portion of long-term obligations		2,133	1,120
Totals		$ 4,477	$ 3,917
[1]	Deferred lease payments represent the effect of straight-lining operating lease payments over the respective lease terms.
[2]	In March 2017, 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 2020. Pursuant to this agreement, the Company is obligated to pay approximately $0.4 million annually over the term of the agreement.
[3]	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 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. In March 2017, the Company paid 70% of the first installment by issuing 253,622 shares of Innodata Inc.’s common stock and paid 30% of the first installment in cash in April 2017.
[4]	In the second quarter of 2017, the Company moved both its U.S. and Canadian headquarters to new premises. As an incentive for the Company to lease in their respective office spaces, the lessors for each of the properties offered to partially defray the construction cost by offering a tenant improvement allowance. Under the terms of the lease contracts the Company is liable to refund any unamortized portion of this allowance should it decide to terminate the lease before the expiry of the specified lock-in period. This amount will be amortized based on the contractual liability and recognized as a reduction in rent expense for the period covered.

Long-term obligations (Details

Long-term obligations (Details 1) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,213
Prepaid expenses and other current assets [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	404
Other assets [Member]
Debt Instrument [Line Items]
Finite-lived Intangible Assets Acquired	$ 809

Long-term obligations (Detail56

Long-term obligations (Details Textual) $ in Millions, $ in Millions	1 Months Ended
	Mar. 31, 2017USD ($)shares	Sep. 30, 2016	Mar. 31, 2018USD ($)	Mar. 31, 2018CAD ($)	Mar. 31, 2017CAD ($)
Debt Instrument [Line Items]
Supplemental Deferred Purchase Price Percentage	70.00%	70.00%
Stock Issued During Period, Shares, Acquisitions | shares	253,622
MediaMiser [Member]
Debt Instrument [Line Items]
Business Combination, Contingent Consideration, Liability	$ 3.8				$ 5
Supplemental Deferred Purchase Price Percentage	30.00%
MediaMiser [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Business Combination, Contingent Consideration, Liability			$ 1.5	$ 2
Vendor Agreement [Member]
Debt Instrument [Line Items]
License Costs | $	$ 0.4

Commitments and contingencies57

Commitments and contingencies (Details) $ in Thousands	Dec. 31, 2017USD ($)
Years Ending December 31,
2,018	$ 687
2,019	500
2,020	464
2,021	478
2,022	242
Thereafter	884
Total minimum lease payments	$ 3,255

Commitments and contingencies58

Commitments and contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies [Line Items]
Estimated Litigation Liability	$ 6,200,000
Litigation Settlement, Expense	100,000
Operating Leases, Rent Expense	$ 2,700,000	$ 2,700,000
Interest Rate Description Litigation	plus legal interest that accrued at 12% per annum from August 13, 2008 to June 30, 2013, and thereafter accrued and continues to accrue at 6% per annum.

Pension benefits (Details)

Pension benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Amortization of transition obligation	$ 38	$ 43
Actuarial loss	(226)	(179)
Totals	196	136
Amounts in accumulated other comprehensive loss not yet reflected in net periodic pension cost, net of taxes:
Actuarial gain	1,331	1,557
Transition obligation	(132)	(170)
Totals	1,199	$ 1,387
Amounts in accumulated other comprehensive loss expected to be amortized in 2018 net periodic pension cost, net of taxes:
Actuarial gain	(157)
Transition obligation	38
Totals	$ (119)

Pension benefits (Details 1)

Pension benefits (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation at beginning of the year	$ 2,896	$ 2,840
Service cost	333	368
Interest cost	187	170
Curtailment	(69)	0
Actuarial gain	(107)	(197)
Foreign currency exchange rates changes	51	(142)
Benefits paid	(170)	(143)
Projected benefit obligation at end of the year	$ 3,121	$ 2,896

Pension benefits (Details 2)

Pension benefits (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 333	$ 368
Interest cost	187	170
Curtailment	(69)	0
Actuarial gain recognized	(249)	(315)
Net periodic pension cost	$ 202	$ 223

Pension benefits (Details 3)

Pension benefits (Details 3)	Dec. 31, 2017	Dec. 31, 2016
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.78%	5.40%
Rate of increase in compensation level	5.00%	5.00%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	10.60%	12.50%
Rate of increase in compensation level	7.00%	8.50%

Pension benefits (Details 4)

Pension benefits (Details 4) $ in Thousands	Dec. 31, 2017USD ($)
Years Ending December 31,
2,018	$ 360
2,019	221
2,020	577
2,021	142
2,022	151
2023 to 2027	1,749
Estimated Future Benefit Payments,Net	$ 3,200

Pension benefits (Details Textu

Pension benefits (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Pension Expense	$ 202	$ 223
Defined Benefit Plan, Accumulated Benefit Obligation	2,000	$ 1,500
Defined Contribution Plan, Entities Matching Contribution, Amount	$ 100

Capital Stock (Details Textual)

Capital Stock (Details Textual) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2011
Capital Stock [Line Items]
Common Stock, Shares Authorized	75,000,000	75,000,000
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Capital Shares Reserved for Future Issuance	6,143,000
Treasury Stock, Shares, Acquired	137,000
Stockholder Rights Exercisable Description	Person becomes an Acquiring Person (unless such Person acquires 50 percent or more of the common stock of the Company then outstanding, as more fully described in the Rights Agreement), the Board of Directors may exchange one share of the Companys common stock for each outstanding Right (other than rights owned by such Person, which would have become void). In addition, if the Company is acquired in a merger or other business combination transaction after a Person becomes an Acquiring Person, all holders of Rights, except the Acquiring Person, may purchase at the Rights then-current exercise price, a number of the acquiring Companys common stock having a market value of twice the exercise price. If the Company receives a qualifying offer (which includes certain all-cash fully financed tender offers or exchange offers for all of the Companys outstanding common stock), under certain circumstances, holders of 10 percent of the Companys outstanding common stock (excluding stock held by the offeror and its affiliates and associates) may direct the Board of Directors to call a special meeting of stockholders to consider a resolution exempting such qualifying offer from the Rights Agreement.
Stockholders Rights Agreement Expiration Date	Jan. 13, 2019
Board of Directors [Member]
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount			$ 2
Stockholders Rights Agreement [Member]
Capital Stock [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Preferred Stock, Redemption Price Per Share	$ 0.001

Stock Options (Details)

Stock Options (Details) - Employee Stock Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of options granted (in dollars per share)	$ 0.73	$ 1.11
Risk-free interest rate	1.91%
Expected life (years)	6 years
Expected volatility factor	49.62%
Expected dividends
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		1.26%
Expected life (years)		5 years
Expected volatility factor		47.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		1.93%
Expected life (years)		6 years
Expected volatility factor		49.00%

Stock Options (Details 1)

Stock Options (Details 1) - Employee Stock Option [Member]	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at January 1, 2017 (in shares) | shares	5,169,169
Number of Options, Granted (in shares) | shares	40,000
Number of Options, Exercised (in shares) | shares	0
Number of Options, Forfeited/Expired (in shares) | shares	(967,370)
Number of Options, Outstanding at December 31, 2017 (in shares) | shares	4,241,799
Number of Options, Exercisable at December 31, 2017 (in shares) | shares	3,567,136
Number of Options, Vested and Expected to Vest at December 31, 2017 (in shares) | shares	4,241,799
Weighted - Average Exercise Price, Outstanding at January 1, 2017 (in dollars per share) | $ / shares	$ 2.88
Weighted - Average Exercise Price, Granted (in dollars per shares) | $ / shares	1.5
Weighted - Average Exercise Price, Exercised (in dollars per share) | $ / shares	0
Weighted - Average Exercise Price, Forfeited/Expired (in dollars per share) | $ / shares	3.08
Weighted - Average Exercise Price, Outstanding at December 31, 2017 (in dollars per share) | $ / shares	2.82
Weighted - Average Exercise Price, Exercisable at December 31, 2017 (in dollars per share) | $ / shares	2.89
Weighted - Average Exercise Price, Vested and Expected to Vest at December 31, 2017 (in dollars per share) | $ / shares	$ 2.82
Weighted - Average Remaining Contractual Term, Outstanding at December 31, 2017 (in years)	4 years 9 months 18 days
Weighted - Average Remaining Contractual Term, Exercisable at December 31, 2017 (in years)	4 years 29 days
Weighted - Average Remaining Contractual Term, Vested and Expected to Vest at December 31, 2017 (in years)	4 years 9 months 18 days
Aggregate Intrinsic Value, Outstanding at December 31, 2017 | $	$ 0
Aggregate Intrinsic Value, Exercisable at December 31, 2017 | $	0
Aggregate Intrinsic Value, Vested and Expected to Vest at December 31, 2017 | $	$ 0

Stock Options (Details Textual)

Stock Options (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	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	$ 0.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	18 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

Comprehensive income (loss) (De

Comprehensive income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Pension Liability Adjustment, Other comprehensive income (loss):
Pension Liability Adjustment, Balance at Beginning of the Period	$ 1,387	$ 1,523
Pension Liability Adjustment, Other comprehensive income (loss) before reclassifications, net of taxes	0	0
Pension Liability Adjustment, Total other comprehensive income (loss) before reclassifications, net of taxes	1,387	1,523
Pension Liability Adjustment, Net amount reclassified to earnings	(196)	(136)
Pension Liability Adjustment, Balance at End of the Period	1,191	1,387
Fair Value of Derivatives, Other comprehensive income (loss):
Fair Value of Derivatives, Balance at Beginning of the Period	(318)	(165)
Fair Value of Derivatives, Other comprehensive income (loss) before reclassifications, net of taxes	574	(90)
Fair Value of Derivatives, Total other comprehensive income (loss) before reclassifications, net of taxes	256	(255)
Fair Value of Derivatives, Net amount reclassified to earnings	86	(63)
Fair Value of Derivatives, Balance at End of the Period	342	(318)
Foreign Currency Translation Adjustment, Other comprehensive income (loss):
Foreign Currency Translation Adjustment, Balance at Beginning of the Period	(1,393)	(1,442)
Foreign Currency Translation Adjustment, Other comprehensive income (loss) before reclassifications, net of taxes	706	49
Foreign Currency Translation Adjustment, Total other comprehensive income (loss) before reclassifications, net of taxes	(687)	(1,393)
Foreign Currency Translation Adjustment, Net amount reclassified to earnings	0	0
Foreign Currency Translation Adjustment, Balance at End of the period	(687)	(1,393)
Accumulated Other Comprehensive Income (loss), Other comprehensive income (loss):
Accumulated Other Comprehensive Income (loss), Balance at Beginning of the period	(324)	(84)
Accumulated Other Comprehensive Income (loss), Other comprehensive income (loss) before reclassifications, net of taxes	1,280	(41)
Accumulated Other Comprehensive Income (loss), Total other comprehensive income (loss) before reclassifications, net of taxes	956	(125)
Accumulated Other Comprehensive Income (loss), Net amount reclassified to earnings	(110)	(199)
Accumulated Other Comprehensive Income (loss), Balance at End of the period	$ 846	$ (324)

Segment reporting and concent70

Segment reporting and concentrations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenues		$ 60,929	$ 63,074
Income (loss) before provision for income taxes		(5,074)	(4,785)
Total assets		47,871	47,588
Goodwill		2,832	2,734	$ 1,476
Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(5,074)	(4,785)
After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	(5,074)	(4,785)
IADS [Member]
Segment Reporting Information [Line Items]
Revenues		4,751	4,347
Total assets		1,331	1,282
IADS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(3,588)	(4,664)
IADS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	(596)	(1,778)
MIS [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes		9,425	8,088
Total assets		21,020	21,874
Goodwill		2,157	2,059
MIS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	(2,813)	(1,258)
MIS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	(2,749)	(1,231)
DDS [Member]
Segment Reporting Information [Line Items]
Revenues		46,753	50,639
Total assets		25,520	24,432
Goodwill		675	675
DDS [Member] | Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[1]	1,327	1,137
DDS [Member] | After Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income (loss) before provision for income taxes	[2]	$ (1,729)	$ (1,776)
[1]	Before elimination of any inter-segment profits
[2]	After elimination of any inter-segment profits

Segment reporting and concent71

Segment reporting and concentrations (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 17,627	$ 16,322
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	5,321	4,669
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	6,888	5,085
India [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,042	1,520
Philippines [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	1,446	1,940
Sri Lanka [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	504	683
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	36	47
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	2	2
Foreign Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	12,306	11,653
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long - lived assets	$ 2,388	$ 2,376

Segment reporting and concent72

Segment reporting and concentrations (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 60,929	$ 63,074
Other - principally Europe
Segment Reporting Information [Line Items]
Revenues	7,773	7,555
United States
Segment Reporting Information [Line Items]
Revenues	30,135	32,070
The Netherlands
Segment Reporting Information [Line Items]
Revenues	6,871	9,216
United Kingdom
Segment Reporting Information [Line Items]
Revenues	10,514	8,271
Canada
Segment Reporting Information [Line Items]
Revenues	$ 5,636	$ 5,962

Segment reporting and concent73

Segment reporting and concentrations (Details Textual)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	10.00%
Foreign Customer [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	51.00%	49.00%
Foreign Customer [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	61.00%	73.00%
Two clients [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	30.00%	31.00%
Four Clients [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	51.00%	52.00%
One Other Client [Member] | Sales Revenue, Net [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	10.00%	10.00%

Loss per Share (Details)

Loss per Share (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share Basic and Diluted [Line Items]
Net loss attributable to Innodata Inc. and Subsidiaries	$ (5,055)	$ (5,524)
Weighted average common shares outstanding	25,816	25,542
Dilutive effect of outstanding options	0	0
Adjusted for dilutive computation	25,816	25,542

Loss per Share (Details Textual

Loss per Share (Details Textual) - shares shares in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
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	5.2

Derivatives (Details)

Derivatives (Details) - Foreign currency forward contracts [Member] - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments	$ 342	$ 0
Accrued expenses [Member]
Derivatives, Fair Value [Line Items]
Derivatives designated as hedging instruments	$ 0	$ 318

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) recognized in OCI	[1]	$ 574	$ (90)
Net gain (loss) reclassified from accumulated OCI into income	[2]	(86)	63
Net gain recognized in income	[3]	$ 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 costs
[3]	There were no ineffective portions for the period presented.

Derivatives (Details Textual)

Derivatives (Details Textual) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative, Notional Amount	$ 15.9	$ 19.3

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Assets
Derivatives	$ 0
Liabilities
Derivatives		$ 0
Fair Value, Inputs, Level 2 [Member]
Assets
Derivatives	342
Liabilities
Derivatives		318
Fair Value, Inputs, Level 3 [Member]
Assets
Derivatives	$ 0
Liabilities
Derivatives		$ 0