BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reclassification

In conjunction with the adoption of the current revenue standard effective January 1, 2018, the Company reclassified certain expenses from "Cost of revenues" to "Sales and other expenses" or "General and administrative" expenses in its Unaudited Consolidated Statement of Operations for the three and six months ended June 30, 2017 to conform to the current period presentation.

The change in presentation and the reclassification for the three and six months ended June 30, 2017 had no impact on operating income or net income and are summarized below (in thousands):



Previously Reported		Three Months Ended June 30, 2017		Six Months Ended June 30, 2017
	Cost of revenues	$	72,742	$	157,911
	Performance advertising	1,147,589		2,128,362
	Brand advertising	121,187		194,199
	Sales and marketing	131,734		245,770
	General and administrative	141,634		277,181

Current Presentation		Three Months Ended June 30, 2017		Six Months Ended June 30, 2017
	Cost of revenues	$	67,425	$	147,826
	Performance marketing	1,151,343		2,133,515
	Brand marketing	130,321		211,139
	Sales and other expenses	121,915		231,514
	General and administrative	143,882		279,429

Restrictions on Cash and Cash Equivalents

Restricted Cash and Cash Equivalents: Restricted cash and cash equivalents at June 30, 2018 and December 31, 2017 principally relates to the minimum cash requirement for Rentalcars.com's insurance business established in the fourth quarter of 2017. The following table reconciles cash, cash equivalents and restricted cash and cash equivalents reported in the Unaudited Consolidated Balance Sheets to the total amount shown in the Unaudited Consolidated Statements of Cash Flows (in thousands):



	June 30, 2018		December 31, 2017
As included in the Unaudited Consolidated Balance Sheets:
Cash and cash equivalents	$	3,186,665	$	2,541,604
Restricted cash and cash equivalents included in prepaid expenses and other current assets	21,216		21,737
Total cash, cash equivalents and restricted cash and cash equivalents as shown in the Unaudited Consolidated Statements of Cash Flows	$	3,207,881	$	2,563,341