QUARTERLY RESULTS OF OPERATIONS (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS (unaudited)

QUARTERLY RESULTS OF OPERATIONS (unaudited)

The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31, 2015. 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, 2015			June 30, 2015			September 30, 2015			December 31, 2015
	(in thousands, except per share data)
Consolidated Statement of Operations Data:
Revenue, net
Direct	$	36,135		$	34,428		$	33,621		$	33,599
Partner and other	362,209			353,585			357,590			446,671
Total net revenue	398,344			388,013			391,211			480,270
Cost of goods sold
Direct	32,527			31,235			31,989			32,326
Partner and other	290,380			283,121			286,771			364,835
Total cost of goods sold	322,907			314,356			318,760			397,161
Gross profit	75,437			73,657			72,451			83,109
Operating expenses:
Sales and marketing	27,972			28,087			30,062			38,347
Technology	23,087			24,059			25,084			26,303
General and administrative	20,534			19,429			20,676			21,548
Total operating expenses	71,593			71,575			75,822			86,198
Operating income	3,844			2,082			(3,371		)	(3,089		)
Interest income	43			38			37			37
Interest expense	(4		)	(8		)	(62		)	(66		)
Other income, net	605			1,163			764			1,102
Net income (loss) before income taxes	4,488			3,275			(2,632		)	(2,016		)
Provision (benefit) for income taxes	1,940			1,849			(15		)	(1,879		)
Consolidated net income (loss)	2,548			1,426			(2,617		)	(137		)
Less: Net loss attributable to noncontrolling interests	(191		)	(242		)	(546		)	(247		)
Net income (loss) attributable to stockholders of Overstock.com, Inc.	$	2,739		$	1,668		$	(2,071	)	$	110
Net income (loss) per common share—basic:
Net income (loss) attributable to common shares—basic	$	0.11		$	0.07		$	(0.08	)	$	0.00
Weighted average common shares outstanding—basic	24,213			24,306			24,681			25,234
Net income (loss) per common share—diluted:
Net income (loss) attributable to common shares—diluted	$	0.11		$	0.07		$	(0.08	)	$	0.00
Weighted average common shares outstanding—diluted	24,390			24,398			24,681			25,266

	Three Months Ended
	March 31, 2014			June 30, 2014			September 30, 2014			December 31, 2014
	(in thousands, except per share data)
Consolidated Statement of Operations Data:
Revenue, net
Direct	$	38,047		$	33,215		$	33,592		$	42,606
Partner and other	303,160			299,330			319,399			427,754
Total net revenue	341,207			332,545			352,991			470,360
Cost of goods sold
Direct	33,097			29,473			29,385			37,298
Partner and other	244,114			240,447			256,548			347,682
Total cost of goods sold	277,211			269,920			285,933			384,980
Gross profit	63,996			62,625			67,058			85,380
Operating expenses:
Sales and marketing	23,392			23,543			25,428			37,098
Technology	19,601			21,408			22,202			23,047
General and administrative	15,296			15,881			17,073			23,527
Restructuring	(360		)	—			—			—
Total operating expenses	57,929			60,832			64,703			83,672
Operating income	6,067			1,793			2,355			1,708
Interest income	41			37			36			38
Interest expense	(7		)	(12		)	(11		)	(9		)
Other income (expense), net	459			524			(350		)	536
Net income before income taxes	6,560			2,342			2,030			2,273
Provision for income taxes	2,590			433			413			968
Consolidated net income	3,970			1,909			1,617			1,305
Less: Net loss attributable to noncontrolling interests	—			—			—			(53		)
Net income attributable to stockholders of Overstock.com, Inc.	$	3,970		$	1,909		$	1,617		$	1,358
Net income per common share—basic:
Net income per share—basic	$	0.17		$	0.08		$	0.07		$	0.06
Weighted average common shares outstanding—basic	23,926			24,009			24,027			24,031
Net income per common share—diluted:
Net income per share—diluted	$	0.16		$	0.08		$	0.07		$	0.06
Weighted average common shares outstanding—diluted	24,339			24,247			24,283			24,399