The following tables set forth our unaudited quarterly results of operations data for the eight most recent quarters for the period ended December 31, 2016. 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, 2016			June 30, 2016			September 30, 2016			December 31, 2016
	(in thousands, except per share data)
Consolidated Statement of Income (Loss) Data:
Revenue, net
Direct	$	26,651		$	24,630		$	24,620		$	25,677
Partner and other	387,026			393,910			416,944			500,505
Total net revenue	413,677			418,540			441,564			526,182
Cost of goods sold
Direct	25,406			23,098			23,955			23,812
Partner and other	310,964			319,120			337,893			404,366
Total cost of goods sold	336,370			342,218			361,848			428,178
Gross profit	77,307			76,322			79,716			98,004
Operating expenses:
Sales and marketing	31,456			33,353			34,707			48,380
Technology	25,710			25,800			26,739			28,511
General and administrative	21,848			22,678			23,317			21,455
Litigation settlement	(19,520		)	—			—			—
Total operating expenses	59,494			81,831			84,763			98,346
Operating income (loss)	17,813			(5,509		)	(5,047		)	(342		)
Interest income	91			64			73			98
Interest expense	(2		)	(5		)	(212		)	(658		)
Other income, net	4,156			3,992			1,251			4,782
Net income (loss) before income taxes	22,058			(1,458		)	(3,935		)	3,880
Provision (benefit) for income taxes	8,964			(243		)	(543		)	1,119
Consolidated net income (loss)	13,094			(1,215		)	(3,392		)	2,761
Less: Net loss attributable to noncontrolling interests	(335		)	(311		)	(294		)	(334		)
Net income (loss) attributable to stockholders of Overstock.com, Inc.	$	13,429		$	(904	)	$	(3,098	)	$	3,095
Net income (loss) per common share—basic:
Net income (loss) attributable to common shares—basic	$	0.53		$	(0.04	)	$	(0.12	)	$	0.12
Weighted average common shares outstanding—basic	25,280			25,341			25,356			25,391
Net income (loss) per common share—diluted:
Net income (loss) attributable to common shares—diluted	$	0.53		$	(0.04	)	$	(0.12	)	$	0.12
Weighted average common shares outstanding—diluted	25,290			25,341			25,356			25,540



	Three Months Ended
	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015
	(in thousands, except per share data)
Consolidated Statement of Income (Loss) 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 (loss)	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) per share—basic	$	0.11		$	0.07		$	(0.08	)	$	—
Weighted average common shares outstanding—basic	24,213			24,306			24,681			25,234
Net income (loss) per common share—diluted:
Net income (loss) per share—diluted	$	0.11		$	0.07		$	(0.08	)	$	—
Weighted average common shares outstanding—diluted	24,390			24,398			24,681			25,266