SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2017
Total revenues	$	2,419,404	$	3,024,556	$	4,434,029	$	2,803,093
Gross profit	2,334,235		2,951,814		4,374,553		2,769,943
Net income (loss)(1)	455,623		720,209		1,720,391		(555,458		)
Net income (loss) applicable to common stockholders per basic common share (1)	$	9.26	$	14.66	$	35.12	$	(11.41	)
Net income (loss) applicable to common stockholders per diluted common share (1)	$	9.11	$	14.39	$	34.43	$	(11.41	)

(1)  Includes a provisional tax expense of approximately $1.6 billion related to a one-time transition tax on the mandatory deemed repatriation of accumulated unremitted international earnings and a provisional tax benefit of approximately $217 million related to the remeasurement of the Company’s U.S. deferred tax assets and liabilities, for the fourth quarter of 2017, as a result of the Tax Act (see Note 13).

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2016
Total revenues	$	2,148,119	$	2,555,902	$	3,690,552	$	2,348,433
Gross profit	2,019,450		2,429,818		3,589,063		2,276,361
Net income(1)	374,424		580,638		506,017		673,908
Net income applicable to common stockholders per basic common share(1)	$	7.54	$	11.71	$	10.24	$	13.66
Net income applicable to common stockholders per diluted common share(1)	$	7.47	$	11.60	$	10.13	$	13.47

(1)  Includes a non-cash charge in the third quarter of 2016 related to an impairment of OpenTable goodwill of $940.7 million, which is not tax deductible (see Note 9). The goodwill impairment charge reduced basic and diluted net income per share for the third quarter of 2016 by $19.03 and $18.82, respectively.