Classify Each Of These Reactions Chegg Homework

  • chgg_10k_2018-02-26_380_614

    Financial - Shares / Equity

    On the effective date of the 2013 Plan, 12,000,000 shares of our common stock were reserved for issuance, plus an additional 3,838,985 shares reserved but not issued or subject to outstanding awards under our 2005 Plan on the effective date of the 2013 Plan, plus, on and after the effective date of the 2013 Plan, i shares that are subject to outstanding awards under the 2005 Plan which cease to be subject to such awards, ii shares issued under the 2005 Plan that are forfeited or repurchased at their original issue price and iii shares subject to awards under the 2005 Plan that are used to pay the exercise price of an option or withheld to satisfy the tax withholding obligations related to any award.

  • chgg_10k_2018-02-26_115_223

    Other - Other

    An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably possible could materially impact the financial statements.

  • chgg_10k_2018-02-26_94_805

    Financial - Expense

    $20.3 million was offset by significant non-cash operating expenses, including other depreciation and amortization expense of $19.3 million, share-based compensation expense of $38.4 million, and the change in our prepaid and other current assets of $13.6 million, which was primarily driven by the decline in the reimbursement balance from Ingram as they moved to normal payment terms in 2017.

  • chgg_10k_2018-02-26_50_133

    Revenue - Product

    The increase in services revenues during the years ended December 31, 2017 and 2016 was driven primarily from growth across our other offerings for students which included increased revenues from Chegg Study and Chegg Writing services as well as an increase in the commissions earned from Ingram.

  • chgg_10k_2018-02-26_277_423

    Financial - Expense

    Cost of revenues consists of publisher content fees for eTextbooks, content amortization expense related to content that we develop or license, including publisher agreements for which we pay one-time license fees for published content, payment processing costs, the payments made to tutors through our Chegg Tutors service, Enrollment Marketing services leads purchased from third-party suppliers to fulfill leads that we are unable to fulfill through our internal database, personnel costs and other direct costs related to providing content or services.

  • chgg_10k_2018-02-26_28_92

    Financial - Expense

    Cost of revenues consists of publisher content fees for eTextbooks, content amortization expense related to content that we develop or license, including publisher agreements for which we pay one-time license fees for published content, payment processing costs, the payments made to tutors through our Chegg Tutors service, Enrollment Marketing services leads purchased from third-party suppliers to fulfill leads that we are unable to fulfill through our internal database, personnel costs and other direct costs related to providing content or services.

  • chgg_10k_2018-02-26_30_773

    Revenue - Product

    We anticipate that to the extent Chegg Services revenues grow and the execution of our strategic partnership with Ingram is successful, our gross margins will continue to improve over time.

  • chgg_10k_2018-02-26_380_613

    Other - Other

    The 2013 Plan became effective on November 11, 2013 and replaced the 2005 Plan.

  • chgg_10k_2018-02-26_67_168

    Financial - Expense

    The increase was primarily attributable to higher employee-related expenses of $4.6 million, higher professional fees of $4.1 million primarily the result of the transition to Section 404b of the Sarbanes-Oxley Act of 2002, implementation of Accounting Standards Codification 606, and legal fees, higher facilities expenses of $1.1 million, and higher office expenses of $1.0 million, compared to the same period in 2016.

  • chgg_10k_2018-02-26_104_813

    Financial - Expense

    Net cash provided by financing activities during the year ended December 31, 2017 was $134.2 million and was related to the proceeds from our follow-on offering, net of offering costs, of $147.6 million and the proceeds from the issuance of common stock under stock plans of $23.7 million partially offset by the payment of $20.1 million in taxes related to the net share settlement of equity awards and the payment of deferred cash consideration related to prior acquisitions of $16.9 million

  • chgg_10k_2018-02-26_7_32

    Financial - Earnings

    In addition, we believe that the investments we have made to achieve our current scale will allow us to drive increased operating margins over time that, together with increased contributions of Chegg Services products, will enable us to accomplish profitability and become cash-flow positive in the long-term.

  • chgg_10k_2018-02-26_84_201

    Financial - Cash Flow

    If adequate funds are not available on acceptable terms, or at all, we may be unable to adequately fund our business plans and it could have a negative effect on our business, operating cash flows and financial condition.

  • chgg_10k_2018-02-26_161_305

    Other - Other

    The Companys management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Managements Annual Report on Internal Control Over Financial Reporting.

  • chgg_10k_2018-02-26_283_439

    Financial - Expense

    Restructuring charges are recorded upon approval of a formal management plan and are included in the operating results of the period in which such plan is approved and the expense becomes estimable.

  • chgg_10k_2018-02-26_35_118

    Financial - Expense

    Restructuring charges are recorded upon approval of a formal management plan and are included in the operating results of the period in which such plan is approved and the expense becomes estimable.

  • chgg_10k_2018-02-26_165_313

    MA - Other

    A companys internal control over financial reporting includes those policies and procedures that 1 pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company 2 provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company and 3 provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements.

  • chgg_10k_2018-02-26_278_426

    Financial - Expense

    Technology and development costs also include amortization of acquired intangible assets, webhosting costs, third-party development costs, research and development expenses and allocated information technology and facilities expenses.

  • chgg_10k_2018-02-26_32_105

    Financial - Expense

    Technology and development costs also include amortization of acquired intangible assets, webhosting costs, third-party development costs, research and development expenses and allocated information technology and facilities expenses.

  • chgg_10k_2018-02-26_382_620

    MA - Other

    The 2013 ESPP permits eligible employees to acquire shares of our common stock by accumulating funds through periodic payroll deductions of up to 15% of base salary.

  • chgg_10k_2018-02-26_53_143

    Revenue - Product

    Our Required Materials revenues are increasingly comprised of a commission on the total transaction amount that we earn from Ingram rather than recognizing the total rental or sales revenues from transactions using our print textbooks..

  • chgg_10k_2018-02-26_120_240

    Revenue - Product

    If different factors were considered we could conclude a different determination of ESP and this could have a material impact to the amount of revenues recognized.

  • chgg_10k_2018-02-26_283_438

    Financial - Expense

    Restructuring charges are primarily comprised of severance costs, contract and program termination costs, asset impairments and costs of facility consolidation and closure.

  • chgg_10k_2018-02-26_35_117

    Financial - Expense

    Restructuring charges credits are primarily comprised of severance costs, contract and program termination costs, asset impairments and costs of facility consolidation and closure.

  • chgg_10k_2018-02-26_28_91

    Financial - Expense

    Certain cost of revenues, including textbook depreciation expense, the cost of textbooks sold, write-offs and allowances related to the print textbook library, have decreased during 2016 and in to 2017 as we have completely transitioned the shipping and fulfillment activities related to the rental and sale of print textbooks to Ingram.

  • chgg_10k_2018-02-26_277_422

    Financial - Expense

    Certain cost of revenues, including textbook depreciation expense, the cost of textbooks sold, write-offs and allowances related to the print textbook library, have decreased during 2016 and in to 2017 as we have completely transitioned the shipping and fulfillment activities related to the rental and sale of print textbooks to Ingram.

  • chgg_10k_2018-02-26_249_344

    Financial - Income

    Unrealized losses are charged against other income expense, net when a decline in fair value is determined to be other-than-temporary.

  • chgg_10k_2018-02-26_2_7

    Other - Other

    Factors that could cause or contribute to these differences include those discussed below and elsewhere in this Annual Report on Form 10-K, particularly in Part I, Item 1A, Risk Factors.

  • chgg_10k_2018-02-26_56_149

    Financial - Earnings

    As a result, gross margins increased to 69%

  • chgg_10k_2018-02-26_98_807

    Financial - Cash Flow

    Cash flows from investing activities have been primarily related to the purchase of marketable securities, acquisition of businesses, purchases of property and equipment, and historically from the purchases of print textbooks, offset by proceeds from the sale and maturity of marketable securities and the proceeds from the liquidation of print textbooks.

  • chgg_10k_2018-02-26_433_689

    Legal - Other

    As a result, our deferred tax assets and liabilities are being evaluated if the deferred tax assets and liabilities should be recognized for the basis differences expected to reverse as a result of GILTI provisions that are effective for us after the calendar year ending December 31, 2017, or should the tax on GILTI provisions be recognized in the period the Act was signed into law.

  • chgg_10k_2018-02-26_228_908

    Other - Other

    Net increase in cash and cash equivalents

  • chgg_10k_2018-02-26_243_332

    Other - Other

    Actual results could differ from these estimates, and such differences could be material to our financial position and results of operations.

  • chgg_10k_2018-02-26_303_508

    Revenue - Geography

    Second, we will estimate and account for the variable consideration earned relating to our performance related obligation with Ingram over the period in which it is earned under ASU 2014-09 as opposed to at the completion of the period under the current guidance.

  • chgg_10k_2018-02-26_424_673

    Financial - Income

    The income tax provision for the years ended December 31, 2017, 2016 and 2015 was primarily due to state and foreign income tax expense and federal and state tax expense related to tax amortization of acquired indefinite lived intangible assets.

  • chgg_10k_2018-02-26_79_797

    Financial - Income

    We recorded an income tax provision of approximately $1.8 million, $1.7 million, and $1.5 million for the years ended December 31, 2017, 2016, and 2015, respectively, which was primarily due to state and foreign income tax expense and federal and state tax expense related to the tax amortization of acquired indefinite lived intangible assets.

  • chgg_10k_2018-02-26_163_310

    Other - Other

    Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances.

  • chgg_10k_2018-02-26_33_110

    Financial - Shares / Equity

    We incur salaries, benefits and share-based compensation expenses for our employees engaged in marketing, business development and sales and sales support functions and amortization of acquired intangible assets and allocated information technology and facilities costs.

  • chgg_10k_2018-02-26_68_172

    Financial - Expense

    The increase was primarily attributable to higher employee-related expenses of $5.3 million, higher share-based compensation expenses of $2.1 million, higher technology expenses of $0.9 million, higher outside services of $0.7 million, and higher professional fees of $0.9 million, compared to the same period in 2015.

  • chgg_10k_2018-02-26_31_103

    Financial - Expense

    As our business grows, our operating expenses may increase over time to expand capacity and sustain our workforce.

  • chgg_10k_2018-02-26_58_153

    Financial - Earnings

    As a result, gross margins increased to 53% in the year ended December 31, 2016, from 37% during the same period in 2015.

  • chgg_10k_2018-02-26_292_452

    Revenue - Geography

    Adjustments resulting from the translation of foreign currencies into U.S. dollars for balance sheet amounts are based on the exchange rates as of the consolidated balance sheet date.

  • chgg_10k_2018-02-26_80_183

    Financial - Expense

    In August 2017, we completed a follow-on offering in which we raised net proceeds of $147.6 million after deducting underwriting discounts, commissions and offering costs.

  • chgg_10k_2018-02-26_246_336

    Other - Other

    We consider all highly liquid investments with an original maturity date of three months or less from the date of purchase to be cash equivalents.

  • chgg_10k_2018-02-26_442_705

    Other - Other

    Such annual limitations could result in the expiration of the net operating losses and tax credit carryforwards before utilization.

  • chgg_10k_2018-02-26_264_382

    MA - Other

    Acquired intangible assets with finite useful lives, which include developed technology, customer lists, trade names, non-compete agreements, and master service agreements, are amortized over their estimated useful lives.

  • chgg_10k_2018-02-26_99_808

    MA - Other

    Net cash used in investing activities during the year ended December 31, 2017 was $136.2 million and was primarily used for the purchases of marketable securities of $128.2 million, purchases of property and equipment of $26.1 million, and the acquisition of business of $14.9 million, partially offset by proceeds from the sale or maturity of marketable securities of $26.1 million and proceeds from the liquidation of print textbooks of $6.9 million.

  • chgg_10k_2018-02-26_72_792

    Other - Other

    During the years ended December 31, 2017, 2016 and 2015, we recorded a gain on liquidation of print textbooks of $4.8 million, $0.7 million and $4.3 million, respectively, resulting from proceeds received from liquidation of previously rented print textbooks on our website and through various other liquidation channels.

  • chgg_10k_2018-02-26_37_119

    Revenue - Product

    Gain on liquidation of textbooks consists of proceeds we receive from the sale of previously rented print textbooks, through our website or to wholesalers and other channels, offset by the net book value of such textbooks.

  • chgg_10k_2018-02-26_37_121

    Other - Other

    When the proceeds received exceed the net book value of the textbooks liquidated, we record a gain on liquidation of textbooks.

  • chgg_10k_2018-02-26_77_180

    Financial - Income

    Other income expense, net, was a net income during the year ended December 31, 2017 compared to a net expense in the same period in 2016, primarily attributable to interest earned on investments purchased in 2017 with the net proceeds from our follow-on offering compared to the accretion of the deferred cash consideration as a result of our acquisition of Imagine Easy Solutions.

  • chgg_10k_2018-02-26_364_975

    Other - Other

    cash at the Bank of not less than $30.0 million at all times, other than the three months ending March 31, 2017 and June 30, 2017, and not less than $25.0 million during the three months ending March 31, 2017 and June 30, 2017 and 2 achieve EBITDA, on a trailing 12 month basis, of not less than i $25.0 million for the period of time from September 30, 2016 through June 30, 2017, ii $30.0 million for the period of time from September 30, 2017 through June 30, 2018, and iii $35.0 million for the period of time from September 30, 2018 through the maturity of the Line of Credit.

  • chgg_10k_2018-02-26_466_735

    Other - Other

    We had an immaterial amount of outstanding receivables as of December 31, 2017 and no outstanding accounts receivables as of December 31, 2016 from Adobe.

  • chgg_10k_2018-02-26_84_198

    Revenue - Product

    Our future capital requirements will depend on many factors including our rate of revenue growth, our investments in technology and development activities, our acquisition of new products and services and our sales and marketing activities.

  • chgg_10k_2018-02-26_444_709

    Financial - Income

    We recognize interest and penalties related to uncertain tax positions as a component of income tax expense.

  • chgg_10k_2018-02-26_162_309

    Other - Other

    Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects.

  • chgg_10k_2018-02-26_333_537

    MA - Other

    Included in the purchase agreement for the acquisition of Cogeon are additional contingent payments of up to approximately $9.0 million subject to achievement of specified milestones and continued employment of the sellers.

  • chgg_10k_2018-02-26_339_552

    Financial - Expense

    During the year ended December 31, 2017 and 2016, we recorded accretion expense of $0.2 million and $0.4 million, respectively, through other income expense, net on our consolidated statement of operations.

  • chgg_10k_2018-02-26_273_408

    Revenue - Product

    Revenues from selling textbooks on a just-in-time basis were historically recognized upon shipment.

  • chgg_10k_2018-02-26_271_401

    Revenue - Product

    Additionally, we limit the amount of revenues recognized for delivered elements to the amount that is not contingent on future delivery of services or other future performance obligations.

  • chgg_10k_2018-02-26_456_725

    Revenue - Geography

    As a result of this strategic partnership, approximately 50 employees in China and the United States supporting the sales and account support functions of our Enrollment Marketing offering were terminated, resulting in one-time workforce reduction costs of $0.9 million and lease termination and other costs of $0.1 million recorded during the year ended December 31, 2017.

  • chgg_10k_2018-02-26_454_720

    Other - Other

    The amount of unrecognized tax benefits, if recognized, that would affect the effective tax rate is $1.2 million for the year ended December 31, 2017.

  • chgg_10k_2018-02-26_409_1001

    Financial - Expense

    As of December 31, 2017, our total unrecognized compensation expense for stock options granted to employees, officers, directors, and consultants was approximately $0.1 million, which will be recognized over a weighted-average vesting period of approximately 0.8 years.

  • chgg_10k_2018-02-26_302_501

    Other - Other

    ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period.

  • chgg_10k_2018-02-26_82_193

    Other - Other

    During the years ended December 31, 2017, 2016, and 2015, our proceeds from print textbook liquidations exceeded our purchases of print textbooks and resulted in a cash inflow of $6.9 million, $24.8 million, and $6.0 million, respectively.

  • chgg_10k_2018-02-26_52_134

    Revenue - Product

    Chegg Services revenues increased $56.3 million, or 44%, in the year ended December 31, 2017, compared to the same period in 2016 due to growth in our Chegg Study and Chegg Writing services.

  • chgg_10k_2018-02-26_252_356

    Other - Other

    We place the majority of our cash and cash equivalents and restricted cash with financial institutions in the United States that we believe to be of high credit quality, and accordingly minimal credit risk exists with respect to these instruments.

  • chgg_10k_2018-02-26_124_255

    Other - Other

    We have not recognized any impairment of goodwill or our indefinite lived intangible asset since our inception.

  • chgg_10k_2018-02-26_252_355

    Other - Other

    Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, and marketable securities invested in highly liquid instruments in accordance with our investment policy.

  • chgg_10k_2018-02-26_68_171

    Financial - Expense

    General and administrative expenses in the year ended December 31, 2016 increased $10.2 million, or 22%, compared to the same period in 2015.

  • chgg_10k_2018-02-26_67_167

    Financial - Expense

    General and administrative expenses in the year ended December 31, 2017 increased $9.0 million, or 16%, compared to the same period in 2016.

  • chgg_10k_2018-02-26_63_154

    Financial - Expense

    Technology and development expenses during the year ended December 31, 2017 increased $15.6 million, or 24%, compared to the same period in 2016.

  • chgg_10k_2018-02-26_64_157

    Financial - Expense

    Technology and development expenses during the year ended December 31, 2016 increased $6.9 million, or 12%, compared to the same period in 2015.

  • chgg_10k_2018-02-26_312_516

    Financial - Expense

    When evaluating an investment for other-than-temporary impairment, we review factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, changes in market interest rates and our intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investments cost basis.

  • chgg_10k_2018-02-26_64_158

    Financial - Expense

    The increase was primarily attributable to higher employee-related expenses of $2.7 million, higher share-based compensation expense of $2.8 million, and higher web hosting and software licensing fees of $2.0 million, compared to the same period in 2015.

  • chgg_10k_2018-02-26_421_1007

    Financial - Expense

    As of December 31, 2017, we had a total of approximately $52.1 million of unrecognized compensation costs related to RSUs and PSUs that is expected to be recognized over the remaining weighted average period of 1.7 years.

  • chgg_10k_2018-02-26_20_65

    Revenue - Product

    We derive our revenues from our Chegg Services, the rental or sale of print textbooks and eTextbooks, commissions earned from Ingram and other partners from the rental or sale of their textbooks, net of allowances for refunds or charge backs from our payment processors who process payments from credit cards, debit cards and PayPal.

  • chgg_10k_2018-02-26_100_809

    MA - Other

    Net cash used in investing activities during the year ended December 31, 2016 was $6.0 million and was primarily used for the purchases of marketable securities of $7.6 million, purchases of property and equipment of $24.7 million, acquisition of businesses of $27.1 million, and the purchase of a strategic equity investment in a third party of $1.0 million, partially offset by proceeds from the sale or maturity of marketable securities of $29.7 million and proceeds from the liquidation of print textbooks of $25.6 million.

  • chgg_10k_2018-02-26_101_810

    Financial - Shares / Equity

    Net cash provided by investing activities during the year ended December 31, 2015 was $8.3 million and was primarily used for the purchases of print textbooks of $32.3 million, purchases of marketable securities of $35.6 million, purchases of property and equipment of $8.3 million, and the purchase of a strategic equity investment in a third party of $2.0 million, partially offset by proceeds from the sale or maturity of marketable securities of $48.2 million and proceeds from the liquidation of print textbooks of $38.3 million.

  • chgg_10k_2018-02-26_53_140

    Revenue - Product

    Chegg Services revenues increased $35.1 million, or 37%, in the year ended December 31, 2016, compared to the same period in 2015 due to growth in subscribers for our Chegg Study and Chegg Tutors services as well as revenues from our acquisition of Imagine Easy in the second quarter of 2016.

  • chgg_10k_2018-02-26_7_28

    Financial - Earnings

    Our strategy for achieving and maintaining profitability is centered upon our ability to utilize Chegg Services to increase student engagement with our learning platform.

  • chgg_10k_2018-02-26_380_615

    Financial - Shares / Equity

    As of December 31, 2017 there were 11,177,175 shares available for grant under the 2013 Plan.

  • chgg_10k_2018-02-26_96_211

    Financial - Expense

    Our net loss of $59.2 million was increased by the change in our prepaid expenses and other current assets of $27.9 million and partially offset by significant non-cash operating expenses, including print textbook library depreciation expense of $43.6 million, other depreciation and amortization expense of $11.7 million, share-based compensation expense of $38.8 million and loss from write-offs of print textbooks of $5.3 million.

  • chgg_10k_2018-02-26_353_967

    Financial - Expense

    During the years ended December 31, 2017, 2016 and 2015, amortization expense related to our acquired intangible assets totaled approximately $5.5 million, $4.6 million and $4.8 million, respectively.

  • chgg_10k_2018-02-26_355_968

    Financial - Expense

    As of December 31, 2017, the estimated future amortization expense related to our finite-lived intangible assets is as follows in thousands:

  • chgg_10k_2018-02-26_302_499

    Other - Other

    In July 2015, the FASB approved a one-year deferral of the effective date of ASU 2014-09 for public companies and further amendments and technical corrections were made to ASU 2014-09 during 2016.

  • chgg_10k_2018-02-26_63_155

    Financial - Expense

    The increase was primarily attributable to higher employee-related expenses of $10.4 million, higher web hosting and software license fees of $3.4 million, higher outside services of $0.9 million, higher depreciation of $0.7 million, compared to the same period in 2016.

  • chgg_10k_2018-02-26_111_214

    Other - Other

    In addition, our other liabilities include $2.0 million related to uncertain tax positions as of December 31, 2017.

  • chgg_10k_2018-02-26_76_178

    Financial - Expense

    Interest expense, net, decreased during the year ended December 31, 2017 compared to the same period in 2016 and in the year ended December 31, 2016 compared to the same period in 2015.

  • chgg_10k_2018-02-26_29_94

    Financial - Expense

    Changes in our cost of revenues may be disproportionate to changes in our revenues because unrecoverable costs, such as outbound shipping and other fulfillment and payment processing fees, are expensed in the period they are incurred while our revenues may be recognized ratably over the subscription or rental term.

  • chgg_10k_2018-02-26_270_394

    Other - Other

    Some of our customer arrangements for Enrollment Marketing and Brand Partnership services include multiple deliverables, which include the delivery of student leads as well as other services to the end customer.

  • chgg_10k_2018-02-26_118_231

    Other - Other

    Some of our customer arrangements for Enrollment Marketing and Brand Partnership services include multiple deliverables, which include the delivery of student leads as well as other services to the end customer.

  • chgg_10k_2018-02-26_127_263

    Financial - Shares / Equity

    Share-based compensation expense recognized related to PSUs is subject to the achievement of performance objectives and requires significant judgment by management in determining the current level of attainment of such performance objectives.

  • chgg_10k_2018-02-26_273_407

    Revenue - Product

    We did not recognize any revenues from the rental or sale of our own print textbooks during the year ended December 31, 2017 reflecting our transition of print textbook rentals to Ingram and the increasing growth in our Chegg Services.

  • chgg_10k_2018-02-26_293_460

    Other - Other

    The guidance is effective for annual periods beginning after December 15, 2017, with early adoption permitted, and the guidance requires a prospective application to awards modified on or after the adoption date.

  • chgg_10k_2018-02-26_295_472

    Other - Other

    The guidance is effective for annual periods beginning after December 15, 2017 and we will adopt the guidance on January 1, 2018.

  • chgg_10k_2018-02-26_296_476

    Other - Other

    The guidance is effective for annual periods beginning after December 15, 2017, and we will adopt the guidance on January 1, 2018.

  • chgg_10k_2018-02-26_301_494

    Other - Other

    The guidance is effective for annual periods beginning after December 15, 2018 and we plan to adopt the guidance on January 1, 2019.

  • chgg_10k_2018-02-26_365_582

    Other - Other

    The Revolving Credit Facility carried, at our election, a base interest rate of the greater of the Federal Funds Rate plus 0.5% or one-month LIBOR plus 1% or a LIBOR based interest rate plus additional interest of up to 4.5% depending on our leverage ratio.

  • chgg_10k_2018-02-26_17_60

    Financial - Expense

    The variable expenses associated with our shipments of print textbooks and marketing activities historically were highest in the first and third quarters as shipping and other fulfillment costs and marketing expenses are expensed when incurred, generally at the beginning of academic terms.

  • chgg_10k_2018-02-26_31_100

    Financial - Expense

    Our costs and expenses contain information technology expenses and facilities expenses such as webhosting, depreciation on our infrastructure systems, lease expense and the employee-related costs for information technology support staff.

  • chgg_10k_2018-02-26_294_466

    Other - Other

    The guidance is effective for annual periods beginning after December 15, 2019, and we are currently in the process of evaluating the impact of this guidance.

  • chgg_10k_2018-02-26_378_979

    Financial - Shares / Equity

    Shares available for issuance under employee stock purchase plan

  • chgg_10k_2018-02-26_302_498

    Revenue - Product

    2014-09, Revenue from Contracts with Customers, as amended Topic 606 ASU 2014-09, which will change the way we recognize revenue and significantly expand the disclosure requirements for revenue arrangements.

  • chgg_10k_2018-02-26_80_184

    Revenue - Product

    The substantial majority of our net revenues are from e-commerce transactions with students, which are settled immediately through payment processors, as opposed to our accounts payable, which are settled based on contractual payment terms with our suppliers.

  • chgg_10k_2018-02-26_23_79

    Revenue - Product

    We did not recognize any revenues from the rental or sale of our own print textbooks during the year ended December 31, 2017 and net revenues from the rental or sale of print textbooks represented 27% and 54% of our net revenues in the years ended December 31, 2016 and 2015, respectively, reflecting our transition of print textbook rentals to Ingram and the increasing growth in our Chegg Services.

  • chgg_10k_2018-02-26_437_694

    Financial - Income

    Under the accounting guidance this deferred tax liability can be used as a source of income for recognition of deferred tax assets when determining the amount of valuation allowance to be recorded.

  • chgg_10k_2018-02-26_297_479

    Financial - Income

    The new standard requires excess tax benefits and tax deficiencies to be recorded in our consolidated statements of operations as a component of provision for income taxes when stock awards vest or are settled and an option to recognize gross share-based compensation expense with actual forfeitures recognized as they occur.

  • chgg_10k_2018-02-26_345_562

    MA - Other

    The fair value of the intangible assets acquired was determined under the acquisition method of accounting for business combinations.

  • chgg_10k_2018-02-26_335_544

    MA - Other

    The fair value of the intangible assets acquired was determined under the acquisition method of accounting for business combinations.

  • chgg_10k_2018-02-26_84_200

    Other - Other

    Additional funds may not be available on terms favorable to us or at all.

  • chgg_10k_2018-02-26_103_812

    Financial - Cash Flow

    Cash flows from financing activities have been primarily related to the issuance of common stock under stock plans offset by the payment of taxes related to the net share settlement of equity awards.

  • chgg_10k_2018-02-26_370_595

    Legal - Other

    We may also, from time to time, be subject to various legal or government claims, disputes, or investigations.

  • chgg_10k_2018-02-26_127_265

    Financial - Shares / Equity

    Subsequent changes to these considerations may have a material impact on the amount of share-based compensation expense recognized in the period related to PSU awards, which may lead to volatility of share-based compensation expense period-to-period.

  • chgg_10k_2018-02-26_243_328

    Revenue - Product

    The preparation of financial statements in conformity with generally accepted accounting principles in the United States U.S. GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

  • chgg_10k_2018-02-26_267_384

    Revenue - Product

    Revenues are recognized when the four basic criteria for revenue recognition have been met as follows: persuasive evidence of an arrangement exists, delivery has occurred and title has transferred, the sale price is fixed or determinable, and collection is reasonably assured.

  • chgg_10k_2018-02-26_456_724

    Other - Other

    In January 2017, we entered into a strategic partnership with the National Research Center for College & University Admissions NRCCUA where NRCCUA will assume responsibility for managing, renewing, and maintaining our existing university contracts and become the exclusive reseller of our digital Enrollment Marketing services for colleges and universities.

  • chgg_10k_2018-02-26_53_142

    Revenue - Product

    Required Materials revenues decreased $82.3 million, or 40%, in the year ended December 31, 2016 compared to the same period in 2015 primarily due to our strategic partnership with Ingram.

  • chgg_10k_2018-02-26_52_136

    Revenue - Product

    Required Materials revenues decreased $55.4 million, or 44%, in the year ended December 31, 2017 compared to the same period in 2016 primarily due to our strategic partnership with Ingram.

  • chgg_10k_2018-02-26_434_691

    Financial - Expense

    the complexity of the new provisions, we are continuing to evaluate on how the provisions will be accounted for under the U.S. generally accepted accounting principles wherein companies are allowed to make an accounting policy election of either i account for GILTI as a component of tax expense in the period in which we are subject to the rules the period cost method , or ii account for GILTI in our measurement of deferred taxes the deferred method .

  • chgg_10k_2018-02-26_396_643

    Financial - Shares / Equity

    We assess the achievement of performance objectives on a quarterly basis and adjust our share-based payment expense as appropriate.

  • chgg_10k_2018-02-26_283_443

    Other - Other

    Restructuring charges for employee workforce reductions are recorded upon employee notification for employees whose required continuing service period is 60 days or less and ratably over the employees continuing service period for employees whose required continuing service period is greater than 60 days.

  • chgg_10k_2018-02-26_259_368

    Financial - Expense

    When assets are retired or otherwise disposed of, the cost and related accumulated depreciation and amortization are removed from their respective accounts, and any gain or loss on such sale or disposal is reflected in loss from operations.

  • chgg_10k_2018-02-26_468_741

    Other - Other

    We had $0.3 million and $0.1 million in outstanding accounts receivables as of December 31, 2017 and 2016, respectively, from Cengage.

  • chgg_10k_2018-02-26_339_548

    MA - Other

    In May 2016, we acquired all of the outstanding interests of Imagine Easy Solutions, LLC Imagine Easy, a privately held online learning company based in New York that provides a portfolio of online writing tools.

  • chgg_10k_2018-02-26_414_653

    Other - Other

    The PSUs related to the 2015 Performance Period vest annually over a one or three-year period depending on the employee, with the initial vesting occurring in February 2016.

  • chgg_10k_2018-02-26_307_937

    Financial - Expense

    The adjusted cost and fair value of available-for-sale investments as of December 31, 2017 by contractual maturity were as follows in thousands:

  • chgg_10k_2018-02-26_349_567

    Other - Other

    Goodwill and Intangible Assets

  • chgg_10k_2018-02-26_263_925

    MA - Other

    Acquired Intangible Assets and Other Long-Lived Assets

  • chgg_10k_2018-02-26_121_823

    MA - Other

    Impairment of Acquired Intangible Assets and Other Long-Lived Assets

  • chgg_10k_2018-02-26_370_594

    Legal - Other

    In addition, we may from time to time be subject to other legal proceedings and claims in the ordinary course of business, including claims of alleged infringement of trademarks, copyrights and other intellectual property rights employment claims and general contract or other claims.

  • chgg_10k_2018-02-26_36_774

    Other - Other

    Gain on Liquidation of Textbooks

  • chgg_10k_2018-02-26_42_777

    Other - Other

    Gain on liquidation of textbooks

  • chgg_10k_2018-02-26_61_789

    Other - Other

    Gain on liquidation of textbooks

  • chgg_10k_2018-02-26_71_791

    Other - Other

    Gain on Liquidation of Textbooks

  • chgg_10k_2018-02-26_176_856

    Other - Other

    Gain on liquidation of textbooks

  • chgg_10k_2018-02-26_207_887

    Other - Other

    Gain on liquidation of textbooks

  • chgg_10k_2018-02-26_283_441

    Financial - Expense

    Severance and other employee separation costs are accrued when it is probable that benefits will be paid and the amount is reasonably estimable.

  • chgg_10k_2018-02-26_49_129

    Revenue - Product

    Net revenues in the year ended December 31, 2016 decreased $47.3 million, or 16%, compared to the same period in 2015.

  • chgg_10k_2018-02-26_184_864

    Revenue - Product

    Change in unrealized loss gain on available for sale investments

  • chgg_10k_2018-02-26_31_96

    Financial - Expense

    We classify our operating expenses into five categories: technology and development, sales and marketing, general and administrative, restructuring charges credits and gain on liquidation of textbooks.

  • chgg_10k_2018-02-26_31_99

    Financial - Expense

    In any particular period, the timing of additional hires could materially affect our operating expenses, both in absolute dollars and as a percentage of revenues.

  • chgg_10k_2018-02-26_196_876

    Financial - Expense

    Issuance of common stock in connection with follow-on offering, net of offering costs

  • chgg_10k_2018-02-26_226_906

    Financial - Expense

    Proceeds from follow-on offering, net of offering costs

  • chgg_10k_2018-02-26_301_495

    Financial - Expense

    We plan to elect the package of transition practical expedients which include not reassessing whether any expired or existing contracts are or contain leases, not reassessing the lease classification of expired or existing leases, and not reassessing initial direct costs for existing leases.

  • chgg_10k_2018-02-26_368_591

    Financial - Expense

    Where leases contain escalation clauses, rent abatements, or concessions, such as rent holidays and landlord or tenant incentives or allowances, we apply them in the determination of straight-line rent expense over the lease term.

  • chgg_10k_2018-02-26_432_682

    Other - Other

    For the amounts which we were able to reasonably estimate, we recognized a provisional remeasurement of certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future of $42 million, which is offset by a valuation allowance.

  • chgg_10k_2018-02-26_158_302

    Other - Other

    In our opinion, Chegg Inc. the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2017, based on

  • chgg_10k_2018-02-26_32_104

    Financial - Expense

    Our technology and development expenses consist of salaries, benefits and share-based compensation expense for employees in our product and web design, engineering and technical teams who are responsible for maintaining our website, developing new products and improving existing products.

  • chgg_10k_2018-02-26_278_425

    Financial - Expense

    Our technology and development expenses consist of salaries, benefits and share-based compensation expense for employees in our product and web design, engineering and technical teams who are responsible for maintaining our website, developing new products and improving existing products.

  • chgg_10k_2018-02-26_351_965

    Other - Other

    Intangible assets as of December 31, 2017 and December 31, 2016 consist of the following in thousands, except weighted-average amortization period:

  • chgg_10k_2018-02-26_344_561

    Financial - Expense

    We have recorded $0.4 million as of December 31, 2017 included within prepaid expenses on our consolidated balance sheet and $1.0 million as of December 31, 2016 included within accrued liabilities on our consolidated balance sheet for these contingent payments.

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