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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Agency revenues $ 1,852,961 $ 1,582,153 $ 3,352,990 $ 2,781,501
Merchant revenues 517,867 546,013 987,899 1,040,688
Advertising and other revenues 185,074 152,231 363,132 298,902
Total revenues 2,555,902 2,280,397 4,704,021 4,121,091
Cost of revenues 126,084 187,491 254,753 355,949
Gross profit 2,429,818 2,092,906 4,449,268 3,765,142
Operating expenses:        
Performance advertising 920,763 758,690 1,700,672 1,392,234
Brand advertising 112,321 78,431 182,166 151,685
Sales and marketing 105,522 94,523 197,845 176,467
Personnel, including stock-based compensation of $54,976, $60,164, $120,976 and $114,172, respectively 332,654 289,156 641,005 548,140
General and administrative 112,642 98,945 225,687 199,123
Information technology 35,797 27,156 68,585 52,517
Depreciation and amortization 77,712 67,674 150,583 132,676
Total operating expenses 1,697,411 1,414,575 3,166,543 2,652,842
Operating income 732,407 678,331 1,282,725 1,112,300
Other income (expense):        
Interest income 21,292 13,037 41,639 24,633
Interest expense (50,290) (41,547) (97,184) (75,026)
Foreign currency transactions and other 1,997 (1,444) (10,931) (6,287)
Impairment of cost-method investments (12,858) 0 (63,208) 0
Total other expense (39,859) (29,954) (129,684) (56,680)
Earnings before income taxes 692,548 648,377 1,153,041 1,055,620
Income tax expense 111,910 131,345 197,979 205,261
Net income $ 580,638 $ 517,032 $ 955,062 $ 850,359
Net income applicable to common stockholders per basic common share $ 11.71 $ 10.02 $ 19.25 $ 16.43
Weighted-average number of basic common shares outstanding 49,604 51,589 49,617 51,748
Net income applicable to common stockholders per diluted common share $ 11.60 $ 9.94 $ 19.06 $ 16.27
Weighted-average number of diluted common shares outstanding 50,059 52,038 50,105 52,253