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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Financial Performance of Company's Reporting Segments |
|  | Six Months Ended June 30, 2015
|  | (In thousands)
|  | Brazil |  | Argentina |  | Mexico |  | Venezuela |  | Other Countries |  | Total
Net revenues |  | $ 141,365 |  | $ 104,262 |  | $ 19,428 |  | $ 19,669 |  | $ 17,694 |  | $ 302,417
Direct costs |  | (83,676) |  | (53,842) |  | (12,615) |  | (6,835) |  | (11,083) |  | (168,051)
Impairment of Long-lived Assets |  | — |  | — |  | — |  | (16,226) |  | — |  | (16,226)
Direct contribution |  | 57,689 |  | 50,420 |  | 6,813 |  | (3,392) |  | 6,611 |  | 118,140
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  |  | (57,916)
Income from operations |  |  |  |  |  |  |  |  |  |  |  | 60,224
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |
Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  |  | 8,991
Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  |  | (10,151)
Foreign currency loss |  |  |  |  |  |  |  |  |  |  |  | (9,217)
Net income before income / asset tax expense |  |  |  |  |  |  |  |  |  |  |  | $ 49,847
|  | Six Months Ended June 30, 2014
|  | (In thousands)
|  | Brazil |  | Argentina |  | Mexico |  | Venezuela |  | Other Countries |  | Total
Net revenues |  | $ 115,834 |  | $ 61,229 |  | $ 17,453 |  | $ 35,908 |  | $ 16,807 |  | $ 247,231
Direct costs |  | (68,310) |  | (34,523) |  | (10,294) |  | (10,492) |  | (8,887) |  | (132,506)
Impairment of Long-lived Assets |  | — |  | — |  | — |  | (49,496) |  | — |  | (49,496)
Direct contribution |  | 47,524 |  | 26,706 |  | 7,159 |  | (24,080) |  | 7,920 |  | 65,229
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  |  | (37,141)
Income from operations |  |  |  |  |  |  |  |  |  |  |  | 28,088
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |
Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  |  | 6,609
Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  |  | (1,805)
Foreign currency loss |  |  |  |  |  |  |  |  |  |  |  | (12,871)
Net income before income / asset tax expense |  |  |  |  |  |  |  |  |  |  |  | $ 20,021
|  | Three Months Ended June 30, 2015
|  | (In thousands)
|  | Brazil |  | Argentina |  | Mexico |  | Venezuela |  | Other Countries |  | Total
Net revenues |  | $ 72,867 |  | $ 56,830 |  | $ 9,991 |  | $ 5,714 |  | $ 8,912 |  | $ 154,314
Direct costs |  | (43,995) |  | (29,057) |  | (6,646) |  | (2,631) |  | (5,912) |  | (88,241)
Direct contribution |  | 28,872 |  | 27,773 |  | 3,345 |  | 3,083 |  | 3,000 |  | 66,073
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  |  | (31,436)
Income from operations |  |  |  |  |  |  |  |  |  |  |  | 34,637
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |
Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  |  | 4,683
Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  |  | (5,201)
Foreign currency loss |  |  |  |  |  |  |  |  |  |  |  | (648)
Net income before income / asset tax expense |  |  |  |  |  |  |  |  |  |  |  | $ 33,471
|  | Three Months Ended June 30, 2014
|  | (In thousands)
|  | Brazil |  | Argentina |  | Mexico |  | Venezuela |  | Other Countries |  | Total
Net revenues |  | $ 63,400 |  | $ 33,267 |  | $ 9,370 |  | $ 16,552 |  | $ 9,260 |  | $ 131,849
Direct costs |  | (37,793) |  | (17,609) |  | (5,546) |  | (4,857) |  | (4,972) |  | (70,777)
Impairment of Long-lived Assets |  | — |  | — |  | — |  | (49,496) |  | — |  | (49,496)
Direct contribution |  | 25,607 |  | 15,658 |  | 3,824 |  | (37,801) |  | 4,288 |  | 11,576
Operating expenses and indirect costs of net revenues |  |  |  |  |  |  |  |  |  |  |  | (17,489)
Income from operations |  |  |  |  |  |  |  |  |  |  |  | (5,913)
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |
Interest income and other financial gains |  |  |  |  |  |  |  |  |  |  |  | 3,573
Interest expense and other financial losses |  |  |  |  |  |  |  |  |  |  |  | (778)
Foreign currency loss |  |  |  |  |  |  |  |  |  |  |  | (15,965)
Net loss before income / asset tax expense |  |  |  |  |  |  |  |  |  |  |  | $ (19,083)
Allocation of Long-Lived Tangible Assets Based on Geography |
|  | June 30, |  | December 31,
|  | 2015 |  | 2014
|  | (In thousands)
US Property and equipment, net |  | $ 10,707 |  | $ 13,226
Other countries property and equipment, net |  |  |  |
Argentina |  | 29,394 |  | 28,005
Brazil |  | 14,805 |  | 8,237
Mexico |  | 2,709 |  | 2,801
Venezuela (*) |  | 21,264 |  | 36,237
Other countries |  | 3,856 |  | 3,039
|  | $ 72,028 |  | $ 78,319
Total Property and equipment, net |  | $ 82,735 |  | $ 91,545
(*) After the impairment of Venezuelan long-lived assets. See Note 2 “Foreign currency translation - Venezuelan currency status”.
Allocation of Goodwill and Intangible Assets Based on Geography |
|  | June 30, |  | December 31,
|  | 2015 |  | 2014
|  | (In thousands)
US intangible assets |  | $ 290 |  | $ 172
Other countries goodwill and intangible assets |  |  |  |
Argentina |  | 12,808 |  | 12,580
Brazil |  | 27,811 |  | 11,212
Mexico |  | 51,406 |  | 21,734
Venezuela |  | 7,498 |  | 7,515
Other countries (*) |  | 36,292 |  | 38,787
|  | $ 135,815 |  | $ 91,828
Total goodwill and intangible assets |  | $ 136,105 |  | $ 92,000
(*) Includes the acquisition of online classified advertisement company in Chile. See Note 4.
Consolidated Net Revenues by Similar Products and Services |
|  | Six-months Ended June 30, |  | Three-months Ended June 30,
Consolidated Net Revenues |  | 2015 |  | 2014 |  | 2015 |  | 2014
|  | (In thousands) |  | (In thousands)
Marketplace |  | $ 187,943 |  | $ 174,960 |  | $ 93,181 |  | $ 91,517
Non-marketplace (*) |  | 114,474 |  | 72,271 |  | 61,133 |  | 40,332
Total |  | $ 302,417 |  | $ 247,231 |  | $ 154,314 |  | $ 131,849
(*) Includes, among other things, Ad Sales, Real Estate, Motors, Financing Fees, Off-platform Payment Fees and other ancillary services.

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