$SSTK
Shutterstock, Inc.

2017 Q1 Form 10-Q Financial Statement

#000154934617000015 Filed on May 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $130.2M $116.7M
YoY Change 11.63% 19.62%
Cost Of Revenue $52.41M $48.06M
YoY Change 9.05% 21.6%
Gross Profit $77.81M $68.59M
YoY Change 13.45% 18.26%
Gross Profit Margin 59.75% 58.8%
Selling, General & Admin $56.47M $46.54M
YoY Change 21.32% 19.1%
% of Gross Profit 72.57% 67.86%
Research & Development $11.04M $11.23M
YoY Change -1.61% 5.06%
% of Gross Profit 14.19% 16.37%
Depreciation & Amortization $6.956M $4.204M
YoY Change 65.46% 40.37%
% of Gross Profit 8.94% 6.13%
Operating Expenses $67.51M $57.77M
YoY Change 16.87% 16.09%
Operating Profit $10.30M $10.82M
YoY Change -4.8% 31.4%
Interest Expense $90.00K $32.00K
YoY Change 181.25% 18.52%
% of Operating Profit 0.87% 0.3%
Other Income/Expense, Net $455.0K -$12.00K
YoY Change -3891.67% -99.53%
Pretax Income $10.76M $10.81M
YoY Change -0.48% 90.52%
Income Tax $4.155M $4.677M
% Of Pretax Income 38.62% 43.27%
Net Earnings $6.603M $6.133M
YoY Change 7.66% 89.12%
Net Earnings / Revenue 5.07% 5.26%
Basic Earnings Per Share $0.19 $0.17
Diluted Earnings Per Share $0.19 $0.17
COMMON SHARES
Basic Shares Outstanding 34.60M shares 35.38M shares
Diluted Shares Outstanding 35.60M shares 36.10M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.3M $275.5M
YoY Change -9.16% 12.24%
Cash & Equivalents $195.4M $220.6M
Short-Term Investments $54.90M $54.98M
Other Short-Term Assets $28.00M $18.80M
YoY Change 48.94% 5.62%
Inventory
Prepaid Expenses
Receivables $37.96M $30.41M
Other Receivables $0.00 $4.600M
Total Short-Term Assets $316.3M $329.3M
YoY Change -3.94% 13.66%
LONG-TERM ASSETS
Property, Plant & Equipment $63.88M $37.88M
YoY Change 68.61% 39.79%
Goodwill $49.69M $52.39M
YoY Change -5.15%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.986M $2.765M
YoY Change 80.33% -85.29%
Total Long-Term Assets $170.3M $140.1M
YoY Change 21.56% 6.83%
TOTAL ASSETS
Total Short-Term Assets $316.3M $329.3M
Total Long-Term Assets $170.3M $140.1M
Total Assets $486.6M $469.3M
YoY Change 3.67% 11.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.70M $8.989M
YoY Change 30.15% 1.0%
Accrued Expenses $32.57M $31.32M
YoY Change 4.0% 42.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $196.1M $170.4M
YoY Change 15.09% 20.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $12.48M $18.23M
YoY Change -31.56% 36.07%
Total Long-Term Liabilities $12.48M $18.23M
YoY Change -31.56% 36.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $196.1M $170.4M
Total Long-Term Liabilities $12.48M $18.23M
Total Liabilities $210.6M $192.2M
YoY Change 9.61% 20.86%
SHAREHOLDERS EQUITY
Retained Earnings $135.0M $102.6M
YoY Change 31.63%
Common Stock $255.8M $222.6M
YoY Change 14.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $100.0M $43.46M
YoY Change 130.15%
Treasury Stock Shares 2.559M shares 1.340M shares
Shareholders Equity $275.9M $277.2M
YoY Change
Total Liabilities & Shareholders Equity $486.6M $469.3M
YoY Change 3.67% 11.53%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $6.603M $6.133M
YoY Change 7.66% 89.12%
Depreciation, Depletion And Amortization $6.956M $4.204M
YoY Change 65.46% 40.37%
Cash From Operating Activities $17.19M $21.47M
YoY Change -19.95% -0.15%
INVESTING ACTIVITIES
Capital Expenditures $13.47M $7.790M
YoY Change 72.86% 257.01%
Acquisitions
YoY Change
Other Investing Activities -$2.300M -$9.300M
YoY Change -75.27% -85.33%
Cash From Investing Activities -$15.73M -$17.09M
YoY Change -7.93% -73.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $24.98M $27.74M
YoY Change -9.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$32.14M -$26.12M
YoY Change 23.05% -1000.55%
NET CHANGE
Cash From Operating Activities $17.19M $21.47M
Cash From Investing Activities -$15.73M -$17.09M
Cash From Financing Activities -$32.14M -$26.12M
Net Change In Cash -$30.68M -$21.74M
YoY Change 41.16% -47.24%
FREE CASH FLOW
Cash From Operating Activities $17.19M $21.47M
Capital Expenditures $13.47M $7.790M
Free Cash Flow $3.719M $13.68M
YoY Change -72.81% -29.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001549346
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
34566060 shares
CY2017Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
Shutterstock, Inc.
CY2016Q4 sstk Accrued Non Income Taxes Current
AccruedNonIncomeTaxesCurrent
7383000 USD
CY2017Q1 sstk Accrued Non Income Taxes Current
AccruedNonIncomeTaxesCurrent
5419000 USD
CY2016Q4 sstk Accrued Royalty Tax Withholdings Current
AccruedRoyaltyTaxWithholdingsCurrent
6921000 USD
CY2017Q1 sstk Accrued Royalty Tax Withholdings Current
AccruedRoyaltyTaxWithholdingsCurrent
7094000 USD
CY2016Q1 sstk Business Combination Contingent Consideration Arrangements Changein Amountof Contingent Consideration Including Excessof Acquisition Date Fair Value
BusinessCombinationContingentConsiderationArrangementsChangeinAmountofContingentConsiderationIncludingExcessofAcquisitionDateFairValue
714000 USD
CY2017Q1 sstk Business Combination Contingent Consideration Arrangements Changein Amountof Contingent Consideration Including Excessof Acquisition Date Fair Value
BusinessCombinationContingentConsiderationArrangementsChangeinAmountofContingentConsiderationIncludingExcessofAcquisitionDateFairValue
0 USD
CY2016Q1 sstk Business Combination Contingent Consideration Arrangements Changein Amountof Contingent Consideration Liabilityin Excessof Acquisition Date Fair Value
BusinessCombinationContingentConsiderationArrangementsChangeinAmountofContingentConsiderationLiabilityinExcessofAcquisitionDateFairValue
0 USD
CY2017Q1 sstk Business Combination Contingent Consideration Arrangements Changein Amountof Contingent Consideration Liabilityin Excessof Acquisition Date Fair Value
BusinessCombinationContingentConsiderationArrangementsChangeinAmountofContingentConsiderationLiabilityinExcessofAcquisitionDateFairValue
6255000 USD
CY2016Q4 sstk Chargeback And Sales Refund Allowance
ChargebackAndSalesRefundAllowance
600000 USD
CY2017Q1 sstk Chargeback And Sales Refund Allowance
ChargebackAndSalesRefundAllowance
600000 USD
CY2016Q1 sstk Effective Income Tax Rate Reconciliation Increase Decreasein Effective Tax Rate Percent
EffectiveIncomeTaxRateReconciliationIncreaseDecreaseinEffectiveTaxRatePercent
0.022
CY2017Q1 sstk Effective Income Tax Rate Reconciliation Increase Decreasein Effective Tax Rate Percent
EffectiveIncomeTaxRateReconciliationIncreaseDecreaseinEffectiveTaxRatePercent
-0.050
CY2017Q1 sstk Finite Lived Intangible Assets Amortization Expense After Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearSix
7300000 USD
CY2017Q1 sstk Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
2500000 USD
CY2016Q1 sstk Incremental Common Shares Attributable To Unvested Restricted Stock Awards
IncrementalCommonSharesAttributableToUnvestedRestrictedStockAwards
372000 shares
CY2017Q1 sstk Incremental Common Shares Attributable To Unvested Restricted Stock Awards
IncrementalCommonSharesAttributableToUnvestedRestrictedStockAwards
503000 shares
CY2017Q1 sstk Indemnification Liability
IndemnificationLiability
0 USD
CY2017Q1 sstk Maximum Indemnification Obligation And Liability Per Customer
MaximumIndemnificationObligationAndLiabilityPerCustomer
250000 USD
CY2017Q1 sstk Minimum Indemnification Obligationand Liability Per Customer
MinimumIndemnificationObligationandLiabilityPerCustomer
10000 USD
CY2016Q1 sstk Paymentsfor Contingent Consideration
PaymentsforContingentConsideration
0 USD
CY2017Q1 sstk Paymentsfor Contingent Consideration
PaymentsforContingentConsideration
3745000 USD
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
7305000 USD
CY2017Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
11699000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38107000 USD
CY2017Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
37962000 USD
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
41106000 USD
CY2017Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
32569000 USD
CY2016Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
20473000 USD
CY2017Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
23759000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
31988000 USD
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
37607000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-17061000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-14846000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
251890000 USD
CY2017Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
255408000 USD
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7353000 USD
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5956000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5500000 USD
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5600000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 USD
CY2017Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 USD
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1071000 shares
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1082000 shares
CY2016Q4 us-gaap Assets
Assets
501778000 USD
CY2017Q1 us-gaap Assets
Assets
486560000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
339838000 USD
CY2017Q1 us-gaap Assets Current
AssetsCurrent
316305000 USD
CY2016Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
54972000 USD
CY2017Q1 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
54901000 USD
CY2016Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2365000 USD
CY2017Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2016Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
2800000 USD
CY2017Q1 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
6700000 USD
CY2016Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
500000 USD
CY2017Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2100000 USD
CY2016Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
20300000 USD
CY2017Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
24900000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
241304000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220563000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
224190000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
195395000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-20741000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-28795000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36926000 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37110000 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34816000 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34551000 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
369000 USD
CY2017Q1 us-gaap Common Stock Value
CommonStockValue
371000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8053000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8818000 USD
CY2016Q1 us-gaap Cost Of Services
CostOfServices
48063000 USD
CY2017Q1 us-gaap Cost Of Services
CostOfServices
52411000 USD
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
105830000 USD
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
119921000 USD
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1285000 USD
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1486000 USD
CY2016Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
8600000 USD
CY2017Q1 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
10600000 USD
CY2016Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
122235000 USD
CY2017Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
126812000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
23013000 USD
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
21772000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2147000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2023000 USD
CY2016Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000 USD
CY2017Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 USD
CY2017Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2016Q1 us-gaap Depreciation
Depreciation
3000000 USD
CY2017Q1 us-gaap Depreciation
Depreciation
5600000 USD
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4204000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6956000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
995000 USD
CY2017Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
1888000 USD
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.433
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.386
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13732000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9454000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9801000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11242000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4100000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3300000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3800000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4400000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4600000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39958000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
41172000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30157000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29930000 USD
CY2016Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
670000 USD
CY2017Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
365000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19454000 USD
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23963000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
49271000 USD
CY2017Q1 us-gaap Goodwill
Goodwill
49689000 USD
CY2017Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
418000 USD
CY2016Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2017Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10810000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10758000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4677000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4155000 USD
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
4195000 USD
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
2148000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1898000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
362000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7691000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
404000 USD
CY2016Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6760000 USD
CY2017Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4760000 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3126000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5628000 USD
CY2016Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
1103000 USD
CY2017Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
3214000 USD
CY2016Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-818000 USD
CY2017Q1 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
2000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
352000 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
495000 shares
CY2016Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
32000 USD
CY2017Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
90000 USD
CY2016Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1600000 USD
CY2017Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2100000 USD
CY2016Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2600000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
215082000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
210639000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
501778000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
486560000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
203497000 USD
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
196137000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26116000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32136000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17087000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15732000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21467000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17185000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
6133000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
6603000 USD
CY2016Q4 us-gaap Noncurrent Assets
NoncurrentAssets
56101000 USD
CY2017Q1 us-gaap Noncurrent Assets
NoncurrentAssets
63878000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
455000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
10822000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
81900000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
10303000 USD
CY2017Q1 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
0 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13070000 USD
CY2017Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10602000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3398000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4986000 USD
CY2017Q1 us-gaap Other Commitment
OtherCommitment
36800000 USD
CY2017Q1 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
7100000 USD
CY2017Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
12000000 USD
CY2017Q1 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
9000000 USD
CY2017Q1 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
8700000 USD
CY2016Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1856000 USD
CY2017Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2215000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
64000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1920000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2215000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12378000 USD
CY2017Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1298000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9438000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12479000 USD
CY2016Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
7851000 USD
CY2017Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
1515000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
27743000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24977000 USD
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3975000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7790000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13466000 USD
CY2016Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
628000 USD
CY2017Q1 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
753000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
22569000 USD
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28047000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1627000 USD
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
561000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
88089000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
101485000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
56101000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63878000 USD
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1183000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
135000 USD
CY2016Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11225000 USD
CY2017Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11044000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
129065000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
135015000 USD
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
116652000 USD
CY2017Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
130224000 USD
CY2016Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
27088000 USD
CY2017Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
32503000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7353000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5956000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36099000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35595000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35375000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34597000 shares
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
286696000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
275921000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2110000 shares
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2559000 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
77567000 USD
CY2017Q1 us-gaap Treasury Stock Value
TreasuryStockValue
100027000 USD
CY2017Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
8100000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
100000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1814000 shares
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1927000 shares
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. Such estimates include, but are not limited to, the determination of the allowance for doubtful accounts, the assessment of recoverability of property and equipment, the fair value of acquired goodwill and intangible assets, the grant-date fair value of non-cash equity-based compensation, the assessment of recoverability of deferred tax assets and the measurement of certain contingent non-income tax liabilities.</font></div></div>

Files In Submission

Name View Source Status
0001549346-17-000015-index-headers.html Edgar Link pending
0001549346-17-000015-index.html Edgar Link pending
0001549346-17-000015.txt Edgar Link pending
0001549346-17-000015-xbrl.zip Edgar Link pending
a2017-q1_10xqxdocument.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
qexhibit101.htm Edgar Link pending
qexhibit102.htm Edgar Link pending
qexhibit103.htm Edgar Link pending
qexhibit104.htm Edgar Link pending
qexhibit105.htm Edgar Link pending
qexhibit311.htm Edgar Link pending
qexhibit312.htm Edgar Link pending
qexhibit32.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sstk-20170331.xml Edgar Link completed
sstk-20170331.xsd Edgar Link pending
sstk-20170331_cal.xml Edgar Link unprocessable
sstk-20170331_def.xml Edgar Link unprocessable
sstk-20170331_lab.xml Edgar Link unprocessable
sstk-20170331_pre.xml Edgar Link unprocessable