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Segment Information
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Information
The Company has two reportable segments: the Wealth Management segment and the Tax Preparation segment. The Wealth Management segment consists of the HD Vest business, which was acquired on December 31, 2015, and, accordingly, has no operating activities recorded in Blucora's 2015 results of operations. HD Vest will be included in Blucora's results of operations beginning on January 1, 2016. As a result of the Strategic Transformation and planned divestitures of the Search and Content and E-Commerce segments, those former segments are included in discontinued operations. The Company’s chief executive officer is its chief operating decision maker and reviews financial information presented on a disaggregated basis. This information is used for purposes of allocating resources and evaluating financial performance.
The Company does not allocate certain general and administrative costs (including personnel and overhead costs), stock-based compensation, depreciation, and amortization of intangible assets to the reportable segments. Such amounts are reflected in the table under the heading "Corporate-level activity." In addition, the Company does not allocate other loss, net and income taxes to the reportable segments. The Company does not account for, and does not report to management, its assets or capital expenditures by segment other than goodwill and intangible assets used for impairment analysis purposes.
Information on the reportable segments currently presented to the Company’s chief operating decision maker and a reconciliation to consolidated net income are presented below (in thousands):
 
Years ended December 31,
 
2015

2014
 
2013
Revenue:





Tax Preparation
$
117,708

 
$
103,719

 
$
91,213

Operating income (loss):
 
 
 
 
 
Tax Preparation
56,984

 
49,696

 
40,599

Corporate-level activity
(61,791
)
 
(45,093
)
 
(44,077
)
Total operating income (loss)
(4,807
)
 
4,603

 
(3,478
)
Other loss, net
(12,542
)
 
(13,489
)
 
(29,568
)
Loss from continuing operations before income taxes
(17,349
)
 
(8,886
)
 
(33,046
)
Income tax benefit
4,623

 
3,342

 
7,385

Loss from continuing operations
(12,726
)
 
(5,544
)
 
(25,661
)
Discontinued operations, net of income taxes
(27,348
)
 
(30,003
)
 
50,060

Net income (loss)
$
(40,074
)
 
$
(35,547
)
 
$
24,399