|
Condensed Consolidating Financial Statement Information (Details 1) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Condensed Consolidated Statement of Comprehensive Income |
|
|
|
|
|
|
| Revenue |
$ 122,125 |
|
$ 98,449 |
|
$ 247,145 |
$ 197,527 |
| Cost of revenue (excludes depreciation and amortization) |
37,609 |
|
35,310 |
|
77,887 |
73,275 |
| Gross margin |
84,516 |
|
63,139 |
|
169,258 |
124,252 |
| Operating expenses: |
|
|
|
|
|
|
| Sales |
4,015 |
|
3,018 |
|
7,954 |
5,958 |
| Marketing |
31,551 |
|
19,604 |
|
62,801 |
35,702 |
| Product development |
4,146 |
|
3,652 |
|
8,570 |
7,122 |
| General and administrative |
9,185 |
|
7,259 |
|
19,167 |
14,988 |
| Legal settlements |
3 |
|
|
|
65 |
|
| Acquisition, offering and related expenses and related party fees |
682 |
|
38,222 |
|
879 |
39,695 |
| Restructuring Charges |
|
|
238 |
0 |
|
238 |
| Depreciation and amortization |
12,587 |
|
10,820 |
|
24,356 |
21,666 |
| Total operating expenses |
62,169 |
|
82,813 |
|
123,792 |
125,369 |
| Income (loss) from operations |
22,347 |
|
(19,674) |
|
45,466 |
(1,117) |
| Interest expense, net |
(6,830) |
|
(9,524) |
|
(13,310) |
(18,920) |
| (Loss) earnings on equity investments, net of tax |
|
|
0 |
|
|
|
| Loss on early extinguishment of senior secured notes |
|
|
(16,629) |
|
|
(16,629) |
| Income (loss) before income taxes |
15,517 |
|
(45,827) |
|
32,156 |
(36,666) |
| Income tax expense |
(759) |
|
(6,166) |
|
5,729 |
(2,067) |
| Net income (loss) |
16,276 |
|
(39,661) |
|
26,427 |
(34,599) |
| Comprehensive income (loss) |
16,307 |
|
(39,679) |
|
26,610 |
(34,410) |
|
Bankrate [Member]
|
|
|
|
|
|
|
| Condensed Consolidated Statement of Comprehensive Income |
|
|
|
|
|
|
| Revenue |
89,109 |
|
62,075 |
|
178,433 |
121,150 |
| Cost of revenue (excludes depreciation and amortization) |
35,878 |
|
29,325 |
|
73,616 |
57,574 |
| Gross margin |
53,231 |
|
32,750 |
|
104,817 |
63,576 |
| Operating expenses: |
|
|
|
|
|
|
| Sales |
2,151 |
|
1,590 |
|
4,374 |
3,120 |
| Marketing |
20,014 |
|
9,147 |
|
39,410 |
15,930 |
| Product development |
2,217 |
|
1,561 |
|
4,574 |
3,170 |
| General and administrative |
6,273 |
|
4,363 |
|
13,220 |
8,244 |
| Legal settlements |
3 |
|
|
|
65 |
|
| Acquisition, offering and related expenses and related party fees |
682 |
|
38,222 |
|
879 |
39,695 |
| Restructuring Charges |
|
|
0 |
|
|
|
| Depreciation and amortization |
7,727 |
|
6,036 |
|
14,670 |
12,080 |
| Total operating expenses |
39,067 |
|
60,919 |
|
77,192 |
82,239 |
| Income (loss) from operations |
14,164 |
|
(28,169) |
|
27,625 |
(18,663) |
| Interest expense, net |
(671) |
|
(36) |
|
(666) |
(3) |
| (Loss) earnings on equity investments, net of tax |
40 |
|
(10,907) |
|
1,745 |
(11,154) |
| Loss on early extinguishment of senior secured notes |
|
|
0 |
|
|
|
| Income (loss) before income taxes |
13,533 |
|
(39,112) |
|
28,704 |
(29,820) |
| Income tax expense |
(2,743) |
|
549 |
|
2,277 |
4,779 |
| Net income (loss) |
16,276 |
|
(39,661) |
|
26,427 |
(34,599) |
| Comprehensive income (loss) |
16,307 |
|
(39,661) |
|
26,610 |
(34,599) |
|
Guarantor Subsidiary [Member]
|
|
|
|
|
|
|
| Condensed Consolidated Statement of Comprehensive Income |
|
|
|
|
|
|
| Revenue |
54,377 |
|
46,308 |
|
111,846 |
93,894 |
| Cost of revenue (excludes depreciation and amortization) |
25,003 |
|
17,793 |
|
51,136 |
37,347 |
| Gross margin |
29,374 |
|
28,515 |
|
60,710 |
56,547 |
| Operating expenses: |
|
|
|
|
|
|
| Sales |
1,857 |
|
1,486 |
|
3,573 |
2,824 |
| Marketing |
9,807 |
|
8,767 |
|
20,124 |
16,204 |
| Product development |
1,926 |
|
2,006 |
|
3,990 |
3,941 |
| General and administrative |
2,581 |
|
2,677 |
|
5,279 |
6,043 |
| Legal settlements |
|
|
|
|
|
|
| Acquisition, offering and related expenses and related party fees |
|
|
0 |
|
|
|
| Restructuring Charges |
|
|
238 |
|
|
238 |
| Depreciation and amortization |
4,674 |
|
4,587 |
|
9,314 |
9,587 |
| Total operating expenses |
20,845 |
|
19,761 |
|
42,280 |
38,837 |
| Income (loss) from operations |
8,529 |
|
8,754 |
|
18,430 |
17,710 |
| Interest expense, net |
(5,992) |
|
(9,316) |
|
(12,311) |
(18,580) |
| (Loss) earnings on equity investments, net of tax |
(280) |
|
(245) |
|
(554) |
(55) |
| Loss on early extinguishment of senior secured notes |
|
|
(16,629) |
|
|
(16,629) |
| Income (loss) before income taxes |
2,257 |
|
(17,436) |
|
5,565 |
(17,554) |
| Income tax expense |
1,984 |
|
(6,715) |
|
3,343 |
(6,846) |
| Net income (loss) |
273 |
|
(10,721) |
|
2,222 |
(10,708) |
| Comprehensive income (loss) |
(16) |
|
(10,721) |
|
2,256 |
(10,708) |
|
Non-Guarantor Subsidiary [Member]
|
|
|
|
|
|
|
| Condensed Consolidated Statement of Comprehensive Income |
|
|
|
|
|
|
| Revenue |
1,915 |
|
1,961 |
|
3,742 |
4,169 |
| Cost of revenue (excludes depreciation and amortization) |
4 |
|
13 |
|
11 |
40 |
| Gross margin |
1,911 |
|
1,948 |
|
3,731 |
4,129 |
| Operating expenses: |
|
|
|
|
|
|
| Sales |
7 |
|
14 |
|
7 |
14 |
| Marketing |
1,730 |
|
1,664 |
|
3,267 |
3,568 |
| Product development |
3 |
|
3 |
|
6 |
11 |
| General and administrative |
331 |
|
329 |
|
668 |
701 |
| Legal settlements |
|
|
|
|
|
|
| Acquisition, offering and related expenses and related party fees |
|
|
0 |
|
|
|
| Restructuring Charges |
|
|
0 |
|
|
|
| Depreciation and amortization |
186 |
|
197 |
|
372 |
(1) |
| Total operating expenses |
2,257 |
|
2,207 |
|
4,320 |
4,293 |
| Income (loss) from operations |
(346) |
|
(259) |
|
(589) |
(164) |
| Interest expense, net |
(167) |
|
(172) |
|
(333) |
(337) |
| (Loss) earnings on equity investments, net of tax |
|
|
0 |
|
|
|
| Loss on early extinguishment of senior secured notes |
|
|
0 |
|
|
|
| Income (loss) before income taxes |
(513) |
|
(431) |
|
(922) |
(501) |
| Income tax expense |
0 |
|
0 |
|
109 |
|
| Net income (loss) |
(513) |
|
(431) |
|
(1,031) |
(501) |
| Comprehensive income (loss) |
(482) |
|
(431) |
|
(848) |
(501) |
|
Eliminations [Member]
|
|
|
|
|
|
|
| Condensed Consolidated Statement of Comprehensive Income |
|
|
|
|
|
|
| Revenue |
(23,276) |
|
(11,895) |
|
(46,876) |
(21,686) |
| Cost of revenue (excludes depreciation and amortization) |
(23,276) |
|
(11,895) |
|
(46,876) |
(21,686) |
| Gross margin |
|
|
0 |
|
|
|
| Operating expenses: |
|
|
|
|
|
|
| Sales |
|
|
0 |
|
|
|
| Marketing |
|
|
0 |
|
|
|
| Product development |
|
|
0 |
|
|
|
| General and administrative |
|
|
0 |
|
|
|
| Legal settlements |
|
|
|
|
|
|
| Acquisition, offering and related expenses and related party fees |
|
|
0 |
|
|
|
| Restructuring Charges |
|
|
0 |
|
|
|
| Depreciation and amortization |
|
|
0 |
|
|
|
| Total operating expenses |
|
|
0 |
|
|
|
| Income (loss) from operations |
|
|
0 |
|
|
|
| Interest expense, net |
|
|
0 |
|
|
|
| (Loss) earnings on equity investments, net of tax |
240 |
|
11,152 |
|
(1,191) |
11,209 |
| Loss on early extinguishment of senior secured notes |
|
|
0 |
|
|
|
| Income (loss) before income taxes |
240 |
|
11,152 |
|
(1,191) |
11,209 |
| Income tax expense |
0 |
|
0 |
|
|
|
| Net income (loss) |
240 |
|
11,152 |
|
(1,191) |
11,209 |
| Comprehensive income (loss) |
$ 498 |
|
$ 11,134 |
|
$ (1,408) |
$ 11,398 |