Segment and Geographic Information (Tables)
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12 Months Ended |
Dec. 31, 2016 |
Segment Reporting [Abstract] |
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Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
| | | | | | | | | | | | | | | | Year Ended December 31, | | | 2016 | | 2015 | | 2014 | Adjusted EBITDA: | | |
| | |
| | | U.S. | | $ | 176 |
| | $ | 30,985 |
| | $ | (40,496 | ) | International | | (88,868 | ) | | (46,914 | ) | | (22,041 | ) | Total reportable segments Adjusted EBITDA | | (88,692 | ) | | (15,929 | ) | | (62,537 | ) | Less: reconciling items (1) | | (105,683 | ) | | (61,514 | ) | | (85,561 | ) | Net loss | | $ | (194,375 | ) | | $ | (77,443 | ) | | $ | (148,098 | ) |
(1)Adjustments are made to reconcile total reportable segments Adjusted EBITDA to consolidated net loss including the following (in thousands): | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2016 | | 2015 | | 2014 | Depreciation and amortization | | $ | 55,572 |
| | $ | 32,446 |
| | $ | 22,003 |
| Equity based compensation and related taxes | | 51,953 |
| | 32,975 |
| | 63,244 |
| Interest (income), net | | (694 | ) | | (1,284 | ) | | (350 | ) | Other (income) expense, net | | (1,756 | ) | | (2,718 | ) | | 489 |
| Provision for income taxes | | 608 |
| | 95 |
| | 175 |
| Total reconciling items | | $ | 105,683 |
| | $ | 61,514 |
| | $ | 85,561 |
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Reconciliation of Revenue from Segments to Consolidated |
The following tables present Direct Retail and Other net revenues and Adjusted EBITDA attributable to the Company’s reportable segments for the periods presented (in thousands): | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2016 | | 2015 | | 2014 | U.S. Direct Retail | | $ | 2,993,365 |
| | $ | 1,945,411 |
| | $ | 1,036,658 |
| U.S. Other | | 117,132 |
| | 190,081 |
| | 199,557 |
| U.S. segment net revenue | | 3,110,497 |
| | 2,135,492 |
| | 1,236,215 |
| International Direct Retail | | 265,544 |
| | 94,827 |
| | 65,028 |
| International Other | | 4,319 |
| | 19,566 |
| | 17,708 |
| International segment net revenue (1) | | 269,863 |
| | 114,393 |
| | 82,736 |
| Total | | $ | 3,380,360 |
| | $ | 2,249,885 |
| | $ | 1,318,951 |
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(1)In the years ended December 31, 2015 and 2014, International segment net revenue included $5.4 million and $10.8 million, respectively, from our Australian business, which we sold in July 2015.
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Schedule of Operating Information by Segment |
The following table presents the activity related to the Company’s net revenue from Direct Retail sales derived through the Company’s sites and Other sales derived through sites operated by third parties and fees from third-party advertising distribution providers (in thousands): | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2016 | | 2015 | | 2014 | Net revenue | | |
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| Direct Retail | | $ | 3,258,909 |
| | $ | 2,040,238 |
| | $ | 1,101,686 |
| Other | | 121,451 |
| | 209,647 |
| | 217,265 |
| Net revenue | | $ | 3,380,360 |
| | $ | 2,249,885 |
| | $ | 1,318,951 |
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Schedule of Long-lived Assets by Geographic Area |
The following table presents long-lived assets by segment (in thousands): | | | | | | | | | | | | Year Ended December 31, | | | 2016 | | 2015 | Geographic long-lived assets: | | |
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| U.S. | | $ | 233,099 |
| | $ | 110,042 |
| International | | 6,255 |
| | 2,283 |
| Total | | $ | 239,354 |
| | $ | 112,325 |
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