XML 41 R28.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Deferred Revenue, by Arrangement, Disclosure
The following table summarizes the activity in the liability for customer credits for the three months ended March 31, 2019 (in thousands):
 
Customer Credits
Balance as of December 31, 2018
$
15,118

Credits issued
27,803

Credits redeemed (1)
(25,020
)
Breakage revenue recognized
(2,560
)
Foreign currency translation
62

Balance as of March 31, 2019
$
15,403

(1)
Customer credits can be redeemed through our online marketplaces for goods or services provided by a third-party merchant or for merchandise inventory sold by us. When customer credits are redeemed for goods or services provided by a third-party merchant, service revenue is recognized on a net basis as the difference between the carrying amount of the customer credit liability derecognized and the amount due to the merchant for the related transaction. When customer credits are redeemed for merchandise inventory sold by us, product revenue is recognized on a gross basis equal to the amount of the customer credit liability derecognized. Customer credits are typically used within one year of issuance.