2013 Q1 Form 10-K Financial Statement

#000119312513091351 Filed on March 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2011 Q4 2011 Q3
Revenue $24.72M $18.54M $16.67M
YoY Change 23.95% 49.97% 50.89%
Cost Of Revenue $8.414M $5.640M $5.275M
YoY Change 32.21% 31.78% 39.18%
Gross Profit $16.31M $12.90M $11.40M
YoY Change 20.08% 59.67% 57.0%
Gross Profit Margin 65.96% 69.6% 68.36%
Selling, General & Admin $14.57M $12.14M $10.71M
YoY Change 15.25% 30.82% 23.86%
% of Gross Profit 89.37% 94.1% 94.0%
Research & Development $5.061M $4.090M $3.981M
YoY Change 21.16% 21.73% 17.43%
% of Gross Profit 31.04% 31.7% 34.93%
Depreciation & Amortization $1.535M $0.00 $780.0K
YoY Change 86.29%
% of Gross Profit 9.41% 0.0% 6.84%
Operating Expenses $20.18M $16.22M $14.70M
YoY Change 19.96% 28.32% 22.05%
Operating Profit -$3.872M -$3.327M -$3.297M
YoY Change 19.43% -27.04% -31.03%
Interest Expense $20.00K -$170.0K -$170.0K
YoY Change -108.7% -1800.0% -525.0%
% of Operating Profit
Other Income/Expense, Net -$299.0K -$160.0K -$583.0K
YoY Change 13.69% 100.0% -423.89%
Pretax Income -$4.171M -$3.660M -$3.880M
YoY Change 19.0% -21.12% -15.1%
Income Tax $38.00K $0.00 $11.00K
% Of Pretax Income
Net Earnings -$4.229M -$3.784M -$3.978M
YoY Change 17.93% -18.8% -11.6%
Net Earnings / Revenue -17.11% -20.41% -23.86%
Basic Earnings Per Share
Diluted Earnings Per Share -$151.0K -$143.3K -$150.9K
COMMON SHARES
Basic Shares Outstanding 28.02M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.90M $17.20M
YoY Change -55.61%
Cash & Equivalents $20.09M $17.23M $19.36M
Short-Term Investments $6.800M $0.00
Other Short-Term Assets $4.800M $1.774M
YoY Change 23.08%
Inventory
Prepaid Expenses $1.560M
Receivables $21.56M $14.69M
Other Receivables $0.00 $0.00
Total Short-Term Assets $53.33M $35.25M
YoY Change -33.76%
LONG-TERM ASSETS
Property, Plant & Equipment $7.665M $6.079M
YoY Change -13.88%
Goodwill $22.02M $2.372M
YoY Change
Intangibles $9.957M
YoY Change
Long-Term Investments $1.700M $0.00
YoY Change
Other Assets $704.0K $856.0K
YoY Change 0.57%
Total Long-Term Assets $42.21M $12.08M
YoY Change 251.72%
TOTAL ASSETS
Total Short-Term Assets $53.33M $35.25M
Total Long-Term Assets $42.21M $12.08M
Total Assets $95.53M $47.34M
YoY Change 3.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.918M $2.026M
YoY Change 59.83%
Accrued Expenses $9.688M $8.773M
YoY Change 10.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $800.0K
YoY Change
Long-Term Debt Due $833.0K
YoY Change
Total Short-Term Liabilities $33.76M $25.05M
YoY Change 38.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $6.167M
YoY Change
Other Long-Term Liabilities $1.236M $77.00K
YoY Change 147.2%
Total Long-Term Liabilities $1.236M $6.244M
YoY Change 147.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.76M $25.05M
Total Long-Term Liabilities $1.236M $6.244M
Total Liabilities $35.08M $32.07M
YoY Change 34.91%
SHAREHOLDERS EQUITY
Retained Earnings -$110.1M -$107.3M
YoY Change
Common Stock $28.00K $5.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $60.46M -$106.2M
YoY Change
Total Liabilities & Shareholders Equity $95.53M $47.34M
YoY Change 3.28%

Cashflow Statement

Concept 2013 Q1 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income -$4.229M -$3.784M -$3.978M
YoY Change 17.93% -18.8% -11.6%
Depreciation, Depletion And Amortization $1.535M $0.00 $780.0K
YoY Change 86.29%
Cash From Operating Activities -$2.814M -$4.630M
YoY Change 1.63%
INVESTING ACTIVITIES
Capital Expenditures $126.0K -$970.0K
YoY Change -96.63%
Acquisitions
YoY Change
Other Investing Activities $2.860M $40.00K
YoY Change -193.77%
Cash From Investing Activities $2.734M -$930.0K
YoY Change -172.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -976.0K 110.0K
YoY Change -101.95%
NET CHANGE
Cash From Operating Activities -2.814M -4.630M
Cash From Investing Activities 2.734M -930.0K
Cash From Financing Activities -976.0K 110.0K
Net Change In Cash -1.056M -5.450M
YoY Change -102.42%
FREE CASH FLOW
Cash From Operating Activities -$2.814M -$4.630M
Capital Expenditures $126.0K -$970.0K
Free Cash Flow -$2.940M -$3.660M
YoY Change -54.85%

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CY2012Q4 us-gaap Preferred Stock Value
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CY2012Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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CY2012Q4 us-gaap Property Plant And Equipment Net
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CY2012Q4 us-gaap Assets Current
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CY2012Q4 us-gaap Commitments And Contingencies
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CY2012Q4 us-gaap Common Stock Shares Outstanding
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3093000
CY2012Q4 us-gaap Long Term Investments
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CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Liabilities Assumed
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CY2012Q4 us-gaap Restricted Investments At Fair Value
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303000
CY2012Q4 us-gaap Deferred Revenue Noncurrent
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CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
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CY2012Q4 us-gaap Additional Paid In Capital
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CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2012Q4 us-gaap Other Accrued Liabilities Current
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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14944000
CY2012Q4 us-gaap Capital Units Adjustment For Market Changes
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79000
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Other Liabilities
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398000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2012Q4 us-gaap Accounts Receivable Related Parties Current
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CY2012Q4 us-gaap Accrued Employee Benefits Current
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CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Current Assets Cash And Cash Equivalents
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248000
CY2012Q4 us-gaap Debt Instrument Basis Spread On Variable Rate
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CY2012Q4 us-gaap Stockholders Equity
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CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
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CY2012Q4 us-gaap Other Liabilities Noncurrent
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CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2012Q4 us-gaap Accounts Payable Current
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619000
CY2012Q4 bcov Fair Value Of Warrants
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395000
CY2012Q4 bcov Unrecognized Stock Based Compensation Expense
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14326000
CY2012Q4 bcov Long Term Investments Amortized Cost
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3069000
CY2012Q4 bcov Cash And Cash Equivalents Amortized Cost
CashAndCashEquivalentsAmortizedCost
21708000
CY2012Q4 bcov Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Issuance
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForIssuance
284001 shares
CY2012Q4 bcov Deferred Tax Assets Fixed Assets
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464000
CY2012Q4 bcov Liability For Uncertain Tax Positions
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CY2012Q4 bcov Business Acquisition Purchase Price Allocation Identifiable Intangible Assets
BusinessAcquisitionPurchasePriceAllocationIdentifiableIntangibleAssets
11031000
CY2012Q4 bcov Right To Appoint Directors Number Of Directors
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CY2012Q4 bcov Restricted Cash Accounts
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102000
CY2012Q4 bcov Short Term Marketable Investments Amortized Cost
ShortTermMarketableInvestmentsAmortizedCost
8264000
CY2012Q4 bcov Short Term Marketable Investments Fair Value Disclosure
ShortTermMarketableInvestmentsFairValueDisclosure
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CY2011 us-gaap Temporary Equity Accretion Of Dividends
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CY2011 us-gaap Provision For Doubtful Accounts
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52000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2012Q4 bcov Long Term Investments Fair Value Disclosure
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3080000
CY2012Q4 bcov Percentage Of Net Accounts Receivable For Identifying Major Customers
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0.10 pure
CY2012Q4 bcov Number Of Common Stock Warrant Shares Issued
NumberOfCommonStockWarrantSharesIssued
28028 shares
CY2012Q4 bcov Business Acquisition Purchase Price Allocation Other Tangible Assets Acquired
BusinessAcquisitionPurchasePriceAllocationOtherTangibleAssetsAcquired
258000
CY2012Q4 bcov Letters Of Credit For Operating Lease
LettersOfCreditForOperatingLease
2404000
CY2012Q4 bcov Estimated Fair Value Of Common Stock
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9.04
CY2012Q4 bcov Accrued Sales Withholding And Other Taxes
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1386000
CY2012Q4 bcov Accrued Interest And Penalties For Uncertain Tax Positions
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0
CY2012Q4 bcov Deferred Tax Assets Capitalized Start Up Costs
DeferredTaxAssetsCapitalizedStartUpCosts
570000
CY2012Q4 bcov Percentage Of Share Outstanding With Voting Rights
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0.40 pure
CY2012Q4 bcov Accrued Content Delivery
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1417000
CY2012Q4 bcov Restricted Stock Unit Awards Outstanding
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1265421 shares
CY2012Q1 us-gaap Line Of Credit Facility Decrease Repayments
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7000000
CY2012Q1 bcov Payment Of Outstanding Balance As Per Modification Agreement
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140000000
CY2012Q1 bcov Line Of Credit Facility Percentage Of Outstanding Balance Repaid
LineOfCreditFacilityPercentageOfOutstandingBalanceRepaid
0.02 pure
CY2010 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2010 us-gaap Depreciation Depletion And Amortization
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
154000
CY2010 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
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CY2010 us-gaap Increase Decrease In Other Operating Assets
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299000
CY2010 us-gaap Profit Loss
ProfitLoss
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CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
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154000
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2010 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
16000
CY2010 us-gaap Allowance For Doubtful Accounts Receivable Charge Offs
AllowanceForDoubtfulAccountsReceivableChargeOffs
235000
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003 pure
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2010 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1539000
CY2010 us-gaap Increase Decrease In Accounts Receivable
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2037000
CY2010 us-gaap Stock Repurchased And Retired During Period Value
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CY2010 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
192000
CY2010 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
3315000
CY2010 us-gaap Temporary Equity Accretion Of Dividends
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5470000
CY2010 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
133000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2010 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
24124000
CY2010 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
334000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.020 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0287 pure
CY2010 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-280000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56000
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
49000
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2010 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
158000
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3315000
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
130000
CY2010 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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50000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
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CY2010 us-gaap Advertising Expense
AdvertisingExpense
1082000
CY2010 us-gaap Operating Expenses
OperatingExpenses
45998000
CY2010 us-gaap Revenues
Revenues
43716000
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9617000
CY2010 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11932000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.61 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2010 us-gaap Gross Profit
GrossProfit
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CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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CY2010 us-gaap Current Federal Tax Expense Benefit
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CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
280000
CY2010 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
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CY2010 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
829000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2720000
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22971000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
56000
CY2010 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3654000
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
56000
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
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CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2010 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2361000
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.34
CY2010 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2010 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
30000
CY2010 us-gaap Interest Income Other
InterestIncomeOther
185000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2010 us-gaap Cost Of Revenue
CostOfRevenue
15125000
CY2010 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2010 bcov Other Nonoperating Income Expense Net
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318000
CY2010 bcov Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.043 pure
CY2010 bcov Capitalized Software Development Costs
CapitalizedSoftwareDevelopmentCosts
829000
CY2010 bcov Estimated Forfeiture Rate
EstimatedForfeitureRate
0.13 pure
CY2010 bcov Percentage Of Revenue
PercentageOfRevenue
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CY2010 bcov Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
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CY2010 bcov Cost Of Professional Services And Other Revenue
CostOfProfessionalServicesAndOtherRevenue
4065000
CY2010 bcov Cost Of Subscription And Support Revenue
CostOfSubscriptionAndSupportRevenue
11060000
CY2010 bcov Subscription And Support Revenue
SubscriptionAndSupportRevenue
40521000
CY2010 bcov Professional Services And Other Revenue
ProfessionalServicesAndOtherRevenue
3195000
CY2010 bcov Noncash Or Partial Noncash Transaction Accretion Of Redeemable Convertible Preferred Stock Issuance Costs And Dividends
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5900000
CY2010 bcov Percentage Of Revenue For Identifying Major Customers
PercentageOfRevenueForIdentifyingMajorCustomers
0.10 pure
CY2010 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
4.98
CY2010 bcov Incremental Common Shares Of Options Outstanding
IncrementalCommonSharesOfOptionsOutstanding
3596000 shares
CY2010 bcov Incremental Common Shares Of Unvested Restricted Shares
IncrementalCommonSharesOfUnvestedRestrictedShares
169000 shares
CY2010 bcov Weighted Average Shares Of Common Stock Outstanding
WeightedAverageSharesOfCommonStockOutstanding
4781000 shares
CY2010 bcov Accretion Of Preferred Stock Dividend
AccretionOfPreferredStockDividend
5470000
CY2010 bcov Effective Income Tax Rate Reconciliation Change In Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowance
0.339 pure
CY2010 bcov Accretion Of Redeemable Convertible Preferred Stock To Redemption Value
AccretionOfRedeemableConvertiblePreferredStockToRedemptionValue
-430000
CY2010 bcov Other Comprehensive Income Loss Change In Market Value Of Investments
OtherComprehensiveIncomeLossChangeInMarketValueOfInvestments
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CY2011 us-gaap Other Nonoperating Income Expense
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CY2011 us-gaap Depreciation Depletion And Amortization
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2992000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1367000
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
475000
CY2011 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16151000 shares
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
452000
CY2011 us-gaap Profit Loss
ProfitLoss
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
475000
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2011 us-gaap Allowance For Doubtful Accounts Receivable Charge Offs
AllowanceForDoubtfulAccountsReceivableChargeOffs
84000
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005 pure
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
8014000
CY2011 us-gaap Increase Decrease In Accounts Receivable
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5438000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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242000
CY2011 us-gaap Interest Paid
InterestPaid
298000
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
4197000
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
64271000
CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2011 us-gaap Operating Leases Rent Expense Sublease Rentals1
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CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4197000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.055 pure
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
31564000
CY2011 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
311000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002 pure
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
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242000
CY2011 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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CY2011 us-gaap Net Income Loss
NetIncomeLoss
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0262 pure
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
361000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12640000
CY2011 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5188000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.57 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2011 us-gaap Gross Profit
GrossProfit
43341000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
CY2011 us-gaap Advertising Expense
AdvertisingExpense
3630000
CY2011 us-gaap Operating Expenses
OperatingExpenses
59471000
CY2011 us-gaap Revenues
Revenues
63563000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
90000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
262000
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-321000
CY2011 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
354000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4064000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-23274000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
90000
CY2011 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3479000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
90000
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18000
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-46000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17184000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2396000
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2011 us-gaap Increase Decrease In Accrued Liabilities
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1466000
CY2011 us-gaap Interest Expense
InterestExpense
358000
CY2011 bcov Number Of Customers Accounting For More Than Ten Percent Of Revenue
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0 Customer
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.28
CY2011 bcov Percentage Of Revenue
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CY2011 bcov Change In Fair Value Of Warrants
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CY2011 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1588000
CY2011 us-gaap Interest Income Other
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23000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7199000
CY2011 us-gaap Cost Of Revenue
CostOfRevenue
20222000
CY2011 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-146000
CY2011 bcov Cost Of Professional Services And Other Revenue
CostOfProfessionalServicesAndOtherRevenue
4744000
CY2011 us-gaap Increase Decrease In Accounts Payable
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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pure
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CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.004 pure
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
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-0.027 pure
CY2011 bcov Capitalized Software Development Costs
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354000
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0.13 pure
CY2011 bcov Cost Of Subscription And Support Revenue
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15478000
CY2011 bcov Subscription And Support Revenue
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60169000
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3394000
CY2011 bcov Noncash Or Partial Noncash Transaction Accretion Of Redeemable Convertible Preferred Stock Issuance Costs And Dividends
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5947000
CY2011 bcov Noncash Or Partial Noncash Transaction Vesting Of Restricted Stock
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159000
CY2011 bcov Percentage Of Revenue For Identifying Major Customers
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0.10 pure
CY2011 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
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4.75
CY2011 bcov Incremental Common Shares Of Options Outstanding
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4092000 shares
CY2011 bcov Incremental Common Shares Of Unvested Restricted Shares
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97000 shares
CY2011 bcov Weighted Average Shares Of Common Stock Outstanding
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4997000 shares
CY2011 bcov Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Shares
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shares
CY2011 bcov Accretion Of Preferred Stock Dividend
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5639000
CY2011 bcov Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
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5.46
CY2011 bcov Effective Income Tax Rate Reconciliation Change In Valuation Allowance
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0.364 pure
CY2011 bcov Accretion Of Redeemable Convertible Preferred Stock To Redemption Value
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-308000
CY2011 bcov Vesting Of Restricted Stock Value
VestingOfRestrictedStockValue
159000
CY2011 bcov Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustments Par Value
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CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001313275
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18725000
CY2012 dei Entity Registrant Name
EntityRegistrantName
BRIGHTCOVE INC
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
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56763000
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
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BCOV
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OtherNonoperatingIncomeExpense
-359000
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-470000
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4666000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2198000
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1346000
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7000000
CY2012 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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2162000 shares
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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27210000
CY2012 us-gaap Increase Decrease In Other Operating Assets
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-90000
CY2012 us-gaap Profit Loss
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodIntrinsicValue
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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1.68
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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523819 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-18139000
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Charge Offs
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65000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P6Y1M24D
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.219 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M12D
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5477000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
9.31
CY2012 us-gaap Increase Decrease In Accounts Receivable
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4437000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-484000
CY2012 us-gaap Interest Paid
InterestPaid
303000
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24626000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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8594000
CY2012 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
14063000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
5843000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
14.38
CY2012 us-gaap Business Acquisitions Pro Forma Revenue
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89200000
CY2012 us-gaap Temporary Equity Accretion Of Dividends
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733000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
137000
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
384000 shares
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4481000
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
38725000
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-77000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.003 pure
CY2012 us-gaap Current State And Local Tax Expense Benefit
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16000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend
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0
CY2012 us-gaap Business Acquisitions Pro Forma Net Income Loss
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OperatingIncomeLoss
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CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
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88000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5843000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
8.45
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.004 pure
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2012 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2667000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M4D
CY2012 us-gaap Advertising Expense
AdvertisingExpense
3881000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51109000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.57 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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-0.340 pure
CY2012 us-gaap Gross Profit
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60589000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2012 us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates and Uncertainties</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts expensed during the reporting period. Actual results could differ from those estimates.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Significant estimates relied upon in preparing these consolidated financial statements include revenue recognition and revenue reserves, allowances for doubtful accounts, contingent liabilities, expensing and capitalization of research and development costs for internal-use software, intangible asset valuations, amortization periods, expected future cash flows used to evaluate the recoverability of long-lived assets, the determination of the fair value of stock awards issued, stock-based compensation expense, and the recoverability of the Company&#x2019;s net deferred tax assets and related valuation allowance.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Although the Company regularly assesses these estimates, actual results could differ materially from these estimates. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances. Actual results may differ from management&#x2019;s estimates if these results differ from historical experience, or other assumptions do not turn out to be substantially accurate, even if such assumptions are reasonable when made.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company is subject to a number of risks and uncertainties common to companies in similar industries and stages of development including, but not limited to, rapid technological changes, competition from substitute products and services from larger companies, customer concentration, management of international activities, protection of proprietary rights, patent litigation, and dependence on key individuals.</font></p> </div>
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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-1209000
CY2012 us-gaap Current Federal Tax Expense Benefit
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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58608 shares
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IncomeTaxExpenseBenefit
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-419000
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-734000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
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PaymentsToDevelopSoftware
24000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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6299000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
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P6Y8M1D
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133000
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644000
CY2012 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
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3400000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
111000
CY2012 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3516000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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271547 shares
CY2012 us-gaap Current Foreign Tax Expense Benefit
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CY2012 us-gaap Income Taxes Paid Net
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61000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2012 us-gaap Increase Decrease In Accrued Liabilities
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3732000
CY2012 us-gaap Interest Expense
InterestExpense
241000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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7.74
CY2012 us-gaap Property Plant And Equipment Useful Life
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P3Y
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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pure
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CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2012 us-gaap Interest Income Other
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106000
CY2012 us-gaap Business Combination Acquisition Related Costs
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1852000
CY2012 us-gaap Cost Of Revenue
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CY2012 us-gaap Amortization Of Financing Costs
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44000
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CY2012 us-gaap Deferred Income Tax Expense Benefit
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CY2012 us-gaap Net Income Loss
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CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0125 pure
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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734000
CY2012 us-gaap General And Administrative Expense
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16734000
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34000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012 bcov Number Of Directors On Board Maximum
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5 Directors
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494000
CY2012 bcov Reclassification Of Warrant To Purchase Shares Of Redeemable And Convertible Preferred Stock Into Warrant To Purchase Common Stock
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CY2012 bcov Stock Issued During Period Value Stock Warrants Exercised
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CY2012 bcov Number Of Share Based Compensation Plans
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3 OptionPlan
CY2012 bcov Adjustments To Additional Paid In Capital Time Vesting Awards Settled In Restricted Stock
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101000
CY2012 bcov Cost Of Subscription And Support Revenue
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CY2012 bcov Conversion Of Warrants To Purchase Preferred Stock To Warrants To Purchase Common Stock
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395000
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CY2012 bcov Noncash Or Partial Noncash Transaction Accretion Of Redeemable Convertible Preferred Stock Issuance Costs And Dividends
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CY2012 bcov Noncash Or Partial Noncash Transaction Vesting Of Restricted Stock
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CY2012 bcov Issuance Of Common Stock In Connection With Initial Public Offering Net Of Issuance Costs
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CY2012 bcov Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Repurchased In Period
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CY2012 bcov Capitalized Software Development Costs
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24000
CY2012 bcov Estimated Forfeiture Rate
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0.14 pure
CY2012 bcov Restricted Stock Units Granted To Employees That Joined Company In Connection With Acquisition
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77100 shares
CY2012 bcov Number Of Customers Accounting For More Than Ten Percent Of Revenue
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CY2012 bcov Retention Period Minimum
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P2Y
CY2012 bcov Percentage Of Revenue
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0.10 pure
CY2012 bcov Deferred Revenue Fair Value Contract Adjustment
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46000
CY2012 bcov Merger Related Costs
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1852000
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2596000
CY2012 bcov Change In Fair Value Of Warrants
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28000
CY2012 bcov Share Based Compensation Weighted Average Recognized Period
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CY2012 bcov Maturity Period Long Term Investments
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Less than one year
CY2012 bcov Original Maturity Period Of Highly Liquid Investments
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CY2012 bcov Number Of Wholly Owned Subsidiaries
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7 Acquisition
CY2012 bcov Number Of Majority Owned Subsidiary
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1 Acquisition
CY2012 bcov Cost Of Professional Services And Other Revenue
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4831000
CY2012 bcov Percentage Of Revenue For Identifying Major Customers
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0.10 pure
CY2012 bcov Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Repurchased Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsRepurchasedWeightedAverageGrantDateFairValue
CY2012 bcov Outstanding Percentage Of Shares
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0.04 pure
CY2012 bcov Overall Overhang Limit
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0.30 pure
CY2012 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
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0.57
CY2012 bcov Incremental Common Shares Of Options Outstanding
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3894000 shares
CY2012 bcov Incremental Common Shares Of Unvested Restricted Shares
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36000 shares
CY2012 bcov Weighted Average Shares Of Common Stock Outstanding
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24662000 shares
CY2011Q2 us-gaap Revenues
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15280000
CY2012 bcov Capitalized Computer Software Amortization Description
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CY2011Q1 us-gaap Revenues
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13074000
CY2011Q1 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
1.22
CY2011Q2 us-gaap Operating Income Loss
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-5070000
CY2012 bcov Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Aggregate Intrinsic Value
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CY2012 bcov Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateAggregateIntrinsicValue
CY2012 bcov Retention Expense
RetentionExpense
826000
CY2012 bcov Accretion Of Preferred Stock Dividend
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733000
CY2012 bcov Business Acquisitions Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionsProFormaEarningsPerShareBasicAndDiluted
0.75
CY2012 bcov Effective Income Tax Rate Reconciliation Change In Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowance
0.052 pure
CY2012 bcov Number Of Employees Granted Restricted Stock Units In Connection With Acquisition
NumberOfEmployeesGrantedRestrictedStockUnitsInConnectionWithAcquisition
15 Employees
CY2012 bcov Accretion Of Redeemable Convertible Preferred Stock To Redemption Value
AccretionOfRedeemableConvertiblePreferredStockToRedemptionValue
-39000
CY2012 bcov Issuance Cost Of Common Stock In Connection With Initial Public Offering
IssuanceCostOfCommonStockInConnectionWithInitialPublicOffering
54476000
CY2012 bcov Conversion Of Redeemable Convertible Preferred Stock Into Common Stock
ConversionOfRedeemableConvertiblePreferredStockIntoCommonStock
121124000
CY2012 bcov Vesting Of Restricted Stock Value
VestingOfRestrictedStockValue
101000
CY2012 bcov Off Balance Sheet Risk And Concentration Of Credit Risk Policytext Block
OffBalanceSheetRiskAndConcentrationOfCreditRiskPolicytextBlock
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Off-Balance Sheet Risk and Concentration of Credit Risk</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company has no significant off-balance sheet risk, such as foreign exchange contracts, option contracts, or other foreign hedging arrangements. Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents, investments and trade accounts receivable. The Company maintains its cash and cash equivalents principally with accredited financial institutions of high credit standing. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. The Company routinely assesses the creditworthiness of its customers. The Company generally has not experienced any material losses related to receivables from individual customers, or groups of customers. The Company does not require collateral. Due to these factors, no additional credit risk beyond amounts provided for collection losses is believed by management to be probable in the Company&#x2019;s accounts receivable.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">For the years ended December&#xA0;31, 2012, 2011 and 2010, no individual customer accounted for more than 10% of total revenue.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As of December&#xA0;31, 2012 and 2011, no individual customer accounted for more than 10% of net accounts receivable.</font></p> </div>
CY2012 bcov Issuance Of Common Stock Pursuant To Restricted Stock Units Par Value
IssuanceOfCommonStockPursuantToRestrictedStockUnitsParValue
CY2012 bcov Stock Issued During Period Stock Warrants Exercised Par Value
StockIssuedDuringPeriodStockWarrantsExercisedParValue
CY2012 bcov Issuance Of Common Stock Pursuant To Restricted Stock Units Value
IssuanceOfCommonStockPursuantToRestrictedStockUnitsValue
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-4436000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-4415000
CY2011Q1 us-gaap Gross Profit
GrossProfit
8698000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
-5458000
CY2011Q2 us-gaap Gross Profit
GrossProfit
10344000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-3586000
CY2012Q1 us-gaap Gross Profit
GrossProfit
13580000
CY2012Q2 us-gaap Gross Profit
GrossProfit
15176000
CY2012Q2 us-gaap Revenues
Revenues
21620000
CY2012Q2 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
0.16
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3297000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-3978000
CY2011Q3 us-gaap Gross Profit
GrossProfit
11398000
CY2011Q3 us-gaap Revenues
Revenues
16673000
CY2011Q3 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
1.09
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-3713000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-611000
CY2012Q3 us-gaap Gross Profit
GrossProfit
15098000
CY2012Q3 us-gaap Revenues
Revenues
22071000
CY2012Q3 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
0.02
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-3327000
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-3784000
CY2011Q4 us-gaap Gross Profit
GrossProfit
12901000
CY2011Q4 us-gaap Revenues
Revenues
18536000
CY2011Q4 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
1.02
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-4606000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-4651000
CY2012Q4 us-gaap Gross Profit
GrossProfit
16735000
CY2012Q4 us-gaap Revenues
Revenues
24338000
CY2012Q4 bcov Net Loss Per Share Attributable To Common Stockholders Basic And Diluted
NetLossPerShareAttributableToCommonStockholdersBasicAndDiluted
0.17

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