Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]    
Revenue, net $ 132,499 $ 166,858
Cost of revenue 88,026 [1] 109,927
Gross profit 44,473 56,931
Operating expenses:    
Advertising and promotion 10,652 26,985
Salaries and benefits 18,033 31,176
Selling, general and administrative 15,941 19,372
Research and development 1,869 4,251
Professional fees 5,735 6,801
Restructuring and other charges (3,477) 18,293
Impairment of assets 4,378 0
Total operating expenses 53,131 106,878
Loss from operations (8,658) (49,947)
Gain on settlement of accounts payable 9,927 0
Loss on sale of subsidiary (2,115) 0
Other expense, net (2,313) (1,806)
Loss before provision for income taxes (3,159) (51,753)
Provision for income taxes 318 105
Net loss $ (3,477) $ (51,858)
Net loss per share, basic and diluted $ (0.26) $ (3.81)
Weighted average shares used to compute net loss per share, basic and diluted 13,438,248 13,621,255
[1] Cost of revenue for the years ended December 31, 2016 included restructuring charges of $2.3 million and $2.9 million, respectively, related to write-down of inventory for discontinued products.