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Segment and Geographic Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment and Geographic Information

13. Segment and Geographic Information

The Company has two reportable segments, United States and International. Segment information is presented in the same manner as the Company’s chief operating decision maker (the “CODM”) reviews the Company’s operating results in assessing performance and allocating resources. The CODM reviews revenue and operating income (loss) for each reportable segment as a proxy for the operating performance of the Company’s United States and International operations. The Company’s Chief Executive Officer is the CODM on behalf of both reportable segments.

The United States segment derives revenues from marketplace subscriptions and wholesale and other revenues from customers within the United States. The International segment derives revenues from marketplace subscriptions and other revenues from customers outside of the United States. A majority of the Company’s operational overhead expenses, including technology and personnel costs, and other general and administrative costs associated with running the Company’s business, are incurred in the United States and not allocated to the International segment. Revenue and costs discretely incurred by reportable segments, including depreciation and amortization, are included in the calculation of reportable segment income (loss) from operations. Segment operating income (loss) does not reflect the transfer pricing adjustments related to the Company’s foreign subsidiaries, which are recorded for statutory reporting purposes. Asset information is assessed and reviewed on a global basis.

Information regarding the Company’s operations by segment and geographical area is presented as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Segment revenue:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

211,554

 

 

$

138,412

 

 

$

581,149

 

 

$

376,164

 

International

 

 

11,361

 

 

 

9,060

 

 

 

30,882

 

 

 

23,734

 

Total revenue

 

$

222,915

 

 

$

147,472

 

 

$

612,031

 

 

$

399,898

 

 

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Segment income (loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

41,931

 

 

$

46,462

 

 

$

111,515

 

 

$

82,061

 

International

 

 

(1,855

)

 

 

(2,895

)

 

 

(7,171

)

 

 

(17,766

)

Total income from operations

 

$

40,076

 

 

$

43,567

 

 

$

104,344

 

 

$

64,295

 

 

The Company ceased the operations of the International segment online marketplaces in Germany, Italy, and Spain in the second quarter of 2020.

 

As of September 30, 2021, total assets held outside of the United States were $33,877, primarily attributable to $15,728 of goodwill. As of December 31, 2020, total assets held outside of the United States were $32,012, primarily attributable to $16,652 of goodwill.