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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 375,061 $ 343,896 $ 718,711 $ 647,339
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 41,042 10,722 74,271 20,733
Selling and marketing expense 189,984 196,167 379,943 371,469
General and administrative expense 85,451 88,013 180,007 172,442
Product development expense 15,407 15,082 32,491 30,886
Depreciation 12,555 8,796 24,693 15,795
Amortization of intangibles 12,978 13,713 25,958 28,252
Total operating costs and expenses 357,417 332,493 717,363 639,577
Operating income 17,644 11,403 1,348 7,762
Interest expense (1,620) (2,963) (3,894) (5,957)
Other income, net 212 1,047 633 3,318
Earnings (loss) before income taxes 16,236 9,487 (1,913) 5,123
Income tax (provision) benefit (3,025) (2,253) 5,940 11,962
Net earnings 13,211 7,234 4,027 17,085
Net earnings attributable to noncontrolling interests (544) (266) (318) (148)
Net earnings attributable to ANGI Homeservices Inc. shareholders $ 12,667 $ 6,968 $ 3,709 $ 16,937
Earnings per share information attributable to ANGI Homeservices Inc. shareholders:        
Basic earnings per share (USD per share) $ 0.03 $ 0.01 $ 0.01 $ 0.03
Diluted earnings per share (USD per share) $ 0.02 $ 0.01 $ 0.01 $ 0.03
Stock-based compensation expense by function:        
Stock-based compensation expense $ 14,759 $ 17,520 $ 40,334 $ 36,802
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 720 1,046 1,723 2,005
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 13,131 14,642 36,111 30,749
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 908 $ 1,832 $ 2,500 $ 4,048