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QUARTERLY RESULTS OF OPERATIONS (unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of unaudited quarterly results of operations data
The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31, 2013. We have prepared this information on the same basis as the consolidated statements of operations and the information includes all adjustments that we consider necessary for a fair statement of its financial position and operating results for the quarters presented.

 
 
Three Months Ended
 
 
March 31,
2013
 
June 30,
2013
 
September 30,
2013
 
December 31,
2013
 
 
(in thousands, except per share data)
Consolidated Statement of Operations Data:
 
 
 
 
 
 
 
 
Revenue, net
 
 
 
 
 
 
 
 
Direct
 
$
41,942

 
$
36,250

 
$
35,681

 
$
42,159

Fulfillment partner
 
270,052

 
256,954

 
265,745

 
355,434

Total net revenue
 
311,994

 
293,204

 
301,426

 
397,593

Cost of goods sold
 
 
 
 
 
 
 
 
Direct
 
37,149

 
31,842

 
30,777

 
36,514

Fulfillment partner
 
215,909

 
203,523

 
211,499

 
289,344

Total cost of goods sold
 
253,058

 
235,365

 
242,276

 
325,858

Gross profit
 
58,936

 
57,839

 
59,150

 
71,735

Operating expenses:
 
 
 
 
 
 
 
 
Sales and marketing
 
18,705

 
19,208

 
22,463

 
31,233

Technology
 
18,160

 
17,920

 
17,259

 
18,449

General and administrative
 
15,088

 
16,585

 
15,970

 
20,526

Restructuring
 
(432
)
 
(39
)
 

 

Total operating expenses
 
51,521

 
53,674

 
55,692

 
70,208

Operating income
 
7,415

 
4,165

 
3,458

 
1,527

Interest income
 
34

 
32

 
34

 
27

Interest expense
 
(51
)
 
(37
)
 
(33
)
 
8

Other income (expense), net
 
345

 
(150
)
 
165

 
(595
)
Net income before income taxes
 
7,743

 
4,010

 
3,624

 
967

Provision (benefit) for income taxes
 
46

 
312

 
91

 
(72,614
)
Net income
 
7,697

 
3,698

 
3,533

 
73,581

Net income attributable to common shares
 
$
7,697

 
$
3,698

 
$
3,533

 
$
73,581

Net income per common share—basic:
 
 
 
 
 
 
 
 
Net income per share—basic
 
$
0.33

 
$
0.16

 
$
0.15

 
$
3.09

Weighted average common shares outstanding—basic
 
23,594

 
23,714

 
23,766

 
23,780

Net income per common share—diluted:
 
 
 
 
 
 
 
 
Net income per share—diluted
 
$
0.32

 
$
0.15

 
$
0.14

 
$
3.01

Weighted average common shares outstanding—diluted
 
24,016

 
24,283

 
24,446

 
24,430

Comprehensive income
 
$
7,697

 
$
3,698

 
$
3,533

 
$
73,581


 
 
Three Months Ended
 
 
March 31,
2012
 
June 30,
2012
 
September 30,
2012
 
December 31,
2012
 
 
(in thousands, except per share data)
Consolidated Statement of Operations Data:
 
 
 
 
 
 
 
 
Revenue, net
 
 
 
 
 
 
 
 
Direct
 
$
40,897

 
$
33,936

 
$
34,215

 
$
46,468

Fulfillment partner
 
221,470

 
205,600

 
221,137

 
295,566

Total net revenue
 
262,367

 
239,536

 
255,352

 
342,034

Cost of goods sold
 
 
 
 
 
 
 
 
Direct
 
37,630

 
31,108

 
30,684

 
41,114

Fulfillment partner
 
177,229

 
165,259

 
178,126

 
239,709

Total cost of goods sold
 
214,859

 
196,367

 
208,810

 
280,823

Gross profit
 
47,508

 
43,169

 
46,542

 
61,211

Operating expenses:
 
 
 
 
 
 
 
 
Sales and marketing
 
14,475

 
13,512

 
14,899

 
20,581

Technology
 
15,638

 
15,122

 
16,085

 
18,622

General and administrative
 
14,822

 
14,516

 
13,828

 
14,093

Restructuring
 
98

 

 
(45
)
 
23

Total operating expenses
 
45,033

 
43,150

 
44,767

 
53,319

Operating income
 
2,475

 
19

 
1,775

 
7,892

Interest income
 
29

 
27

 
30

 
30

Interest expense
 
(208
)
 
(253
)
 
(194
)
 
(154
)
Other income, net
 
432

 
719

 
1,213

 
1,322

Net income before income taxes
 
2,728

 
512

 
2,824

 
9,090

Provision for income taxes
 
9

 
42

 
131

 
303

Net income
 
2,719

 
470

 
2,693

 
8,787

Net income attributable to common shares
 
$
2,719

 
$
470

 
$
2,693

 
$
8,787

Net income per common share—basic:
 
 
 
 
 
 
 
 
Net income per share—basic
 
$
0.12

 
$
0.02

 
$
0.11

 
$
0.37

Weighted average common shares outstanding—basic
 
23,392

 
23,437

 
23,447

 
23,450

Net income per common share—diluted:
 
 
 
 
 
 
 
 
Net income per share—diluted
 
$
0.12

 
$
0.02

 
$
0.11

 
$
0.37

Weighted average common shares outstanding—diluted
 
23,414

 
23,464

 
23,754

 
24,064

Comprehensive income
 
$
2,719

 
$
470

 
$
2,693

 
$
8,787