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CONSOLIDATED AND COMBINED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 294,822 $ 180,711 $ 550,133 $ 331,456
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 14,703 7,562 28,298 14,392
Selling and marketing expense 141,843 110,922 279,775 206,788
General and administrative expense 79,688 52,152 155,958 88,874
Product development expense 13,662 6,943 29,442 12,519
Depreciation 5,886 3,218 12,070 6,214
Amortization of intangibles 15,778 2,750 32,084 4,117
Total operating costs and expenses 271,560 183,547 537,627 332,904
Operating income (loss) 23,262 (2,836) 12,506 (1,448)
Interest expense—third party (3,011) 0 (5,665) 0
Interest expense—related party (34) (2,082) (79) (3,674)
Other income, net 1,053 505 1,409 736
Earnings (loss) before income taxes 21,270 (4,413) 8,171 (4,386)
Income tax benefit 1,753 4,388 5,738 30,248
Net earnings (loss) 23,023 (25) 13,909 25,862
Net (earnings) loss attributable to noncontrolling interests (124) 279 105 1,005
Net earnings attributable to ANGI Homeservices Inc. shareholders $ 22,899 $ 254 $ 14,014 $ 26,867
Per share information attributable to ANGI Homeservices Inc. shareholders:        
Basic earnings per share (USD per share) $ 0.05 $ 0.00 $ 0.03 $ 0.06
Diluted earnings per share (USD per share) $ 0.05 $ 0.00 $ 0.03 $ 0.06
Stock-based compensation expense by function:        
Stock-based compensation expense $ 22,053 $ 11,839 $ 46,959 $ 16,300
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense (1) 8   10
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 997 195 1,658 693
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 19,312 11,302 41,005 14,918
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 1,745 $ 334 $ 4,296 $ 679