XML 20 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue, net                      
Total net revenue $ 526,182 $ 441,564 $ 418,540 $ 413,677 $ 480,270 $ 391,211 $ 388,013 $ 398,344 $ 1,799,963 $ 1,657,838 $ 1,497,103
Cost of goods sold                      
Total cost of goods sold 428,178 361,848 342,218 336,370 397,161 318,760 314,356 322,907 1,468,614 1,353,184 1,218,044
Gross profit 98,004 79,716 76,322 77,307 83,109 72,451 73,657 75,437 331,349 304,654 279,059
Operating expenses:                      
Sales and marketing 48,380 34,707 33,353 31,456 38,347 30,062 28,087 27,972 147,896 [1] 124,468 [1] 109,461 [1]
Technology 28,511 26,739 25,800 25,710 26,303 25,084 24,059 23,087 106,760 [1] 98,533 [1] 86,258 [1]
General and administrative 21,455 23,317 22,678 21,848 21,548 20,676 19,429 20,534 89,298 [1] 82,187 [1] 71,777 [1]
Litigation settlement 0 0 0 (19,520)         (19,520) 0 0
Restructuring                 0 0 (360)
Total operating expenses 98,346 84,763 81,831 59,494 86,198 75,822 71,575 71,593 324,434 305,188 267,136
Operating income (loss) (342) (5,047) (5,509) 17,813 (3,089) (3,371) 2,082 3,844 6,915 (534) 11,923
Interest income 98 73 64 91 37 37 38 43 326 155 152
Interest expense (658) (212) (5) (2) (66) (62) (8) (4) (877) (140) (39)
Other income, net 4,782 1,251 3,992 4,156 1,102 764 1,163 605 14,181 3,634 1,169
Income before income taxes 3,880 (3,935) (1,458) 22,058 (2,016) (2,632) 3,275 4,488 20,545 3,115 13,205
Provision for income taxes 1,119 (543) (243) 8,964 (1,879) (15) 1,849 1,940 9,297 1,895 4,404
Consolidated net income 2,761 (3,392) (1,215) 13,094 (137) (2,617) 1,426 2,548 11,248 1,220 8,801
Less: Net loss attributable to noncontrolling interests (334) (294) (311) (335) (247) (546) (242) (191) (1,274) (1,226) (53)
Net income attributable to stockholders of Overstock.com, Inc. $ 3,095 $ (3,098) $ (904) $ 13,429 $ 110 $ (2,071) $ 1,668 $ 2,739 $ 12,522 $ 2,446 $ 8,854
Net income per common share—basic:                      
Net income attributable to common shares-basic (in dollars per share) $ 0.12 $ (0.12) $ (0.04) $ 0.53 $ 0.00 $ (0.08) $ 0.07 $ 0.11 $ 0.49 $ 0.10 $ 0.37
Weighted average common shares outstanding-basic (in shares) 25,391 25,356 25,341 25,280 25,234 24,681 24,306 24,213 25,342 24,612 23,999
Net income per common share—diluted:                      
Net income attributable to common shares-diluted (in dollars per share) $ 0.12 $ (0.12) $ (0.04) $ 0.53 $ 0.00 $ (0.08) $ 0.07 $ 0.11 $ 0.49 $ 0.10 $ 0.36
Weighted average common shares outstanding-diluted (in shares) 25,540 25,356 25,341 25,290 25,266 24,681 24,398 24,390 25,426 24,703 24,317
Partner and other                      
Revenue, net                      
Total net revenue $ 500,505 $ 416,944 $ 393,910 $ 387,026 $ 446,671 $ 357,590 $ 353,585 $ 362,209 $ 1,698,385 $ 1,520,055 $ 1,349,643
Cost of goods sold                      
Total cost of goods sold 404,366 337,893 319,120 310,964 364,835 286,771 283,121 290,380 1,372,343 1,225,107 1,088,791
Direct                      
Revenue, net                      
Total net revenue 25,677 24,620 24,630 26,651 33,599 33,621 34,428 36,135 101,578 137,783 147,460
Cost of goods sold                      
Total cost of goods sold $ 23,812 $ 23,955 $ 23,098 $ 25,406 $ 32,326 $ 31,989 $ 31,235 $ 32,527 96,271 [1] 128,077 [1] 129,253 [1]
Gross profit                 $ 5,307 $ 9,706 $ 18,207
[1] (1) Includes stock-based compensation as follows (Note 15): Cost of goods sold — direct $266 $179 $181 Sales and marketing 249 217 336 Technology 777 646 751 General and administrative 3,599 2,484 2,767 Total $4,891 $3,526 $4,035