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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Summary of Segment Revenue, Income (Loss) and Depreciation and Amortization | For the years December 31, 2023, 2022, and 2021, segment revenue, segment income (loss) from operations, and segment depreciation and amortization are as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Segment Revenue |  |  |  |  |  |  |  |  |
U.S. Marketplace |  | $ | 647,284 |  |  | $ | 614,136 |  |  | $ | 594,602 |
Digital Wholesale |  |  | 216,005 |  |  |  | 996,264 |  |  |  | 314,431 |
Other |  |  | 50,953 |  |  |  | 44,635 |  |  |  | 42,340 |
Total |  | $ | 914,242 |  |  | $ | 1,655,035 |  |  | $ | 951,373 |
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 (1) |  |  | 2021 (1) |
Segment Income (Loss) from Operations: |  |  |  |  |  |  |  |  |
U.S. Marketplace |  | $ | 127,724 |  |  | $ | 128,455 |  |  | $ | 152,006 |
Digital Wholesale |  |  | (96,383 | ) |  |  | (11,834 | ) |  |  | 6,526 |
Other |  |  | 1,286 |  |  |  | (8,143 | ) |  |  | (10,264 | )
Total |  | $ | 32,627 |  |  | $ | 108,478 |  |  | $ | 148,268 |
(1) As of December 31, 2022 and 2021, Digital Wholesale segment loss (income) did not reflect certain Dealer-to-Dealer and IMCO related capitalized website development expense from the U.S. Marketplace segment. During the three months ended March 31, 2023, the Company updated Digital Wholesale Depreciation and Amortization to reflect certain Dealer-to-Dealer and IMCO related capitalized website development amortization expense from the U.S. Marketplace segment and accordingly updated Digital Wholesale Depreciation as of December 31, 2022 and 2021 for comparative purposes.
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 (1) |  |  | 2021 (1) |
Segment Depreciation and Amortization: |  |  |  |  |  |  |  |  |
U.S. Marketplace |  | $ | 11,561 |  |  | $ | 11,554 |  |  | $ | 10,648 |
Digital Wholesale |  |  | 36,265 |  |  |  | 33,350 |  |  |  | 29,059 |
Other |  |  | 648 |  |  |  | 430 |  |  |  | 769 |
Total |  | $ | 48,474 |  |  | $ | 45,334 |  |  | $ | 40,476 |
(1) As of December 31, 2022, Digital Wholesale Depreciation and Amortization did not reflect certain Dealer-to-Dealer and IMCO related capitalized website development expense from the U.S. Marketplace segment. During the three months ended March 31, 2023, the Company updated Digital Wholesale Depreciation and Amortization to reflect certain Dealer-to-Dealer and IMCO related capitalized website development amortization expense from the U.S. Marketplace segment and accordingly updated Digital Wholesale Depreciation as of December 31, 2022 and 2021 for comparative purposes.
Summary of Reconciliation Between Segment Income from Operations | For the years December 31, 2023, 2022, and 2021, a reconciliation between total segment income from operations to consolidated income before income taxes is as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Total segment income from operations |  | $ | 32,627 |  |  | $ | 108,478 |  |  | $ | 148,268 |
Other income, net |  |  | 19,060 |  |  |  | 2,884 |  |  |  | 1,092 |
Consolidated income before income taxes |  | $ | 51,687 |  |  | $ | 111,362 |  |  | $ | 149,360 |
Summary of Assets by Segment | As of December 31, 2023, 2022, and 2021, segment assets are as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022(1) |  |  | 2021(1) |
Segment Assets: |  |  |  |  |  |  |  |  |
U.S. Marketplace |  | $ | 607,307 |  |  | $ | 525,103 |  |  | $ | 449,230 |
Digital Wholesale |  |  | 258,458 |  |  |  | 358,289 |  |  |  | 446,823 |
Other |  |  | 53,162 |  |  |  | 43,710 |  |  |  | 35,521 |
Total |  | $ | 918,927 |  |  | $ | 927,102 |  |  | $ | 931,574 |
(1) As of December 31, 2022, Digital Wholesale assets did not reflect certain Dealer-to-Dealer and IMCO related capitalized website development assets from the U.S. Marketplace segment. During the three months ended March 31, 2023, the Company updated Digital Wholesale assets to reflect certain Dealer-to-Dealer and IMCO related capitalized website development amortization assets from the U.S. Marketplace segment and accordingly updated Digital Wholesale assets as of December 31, 2022 and 2021 for comparative purposes.
Summary of Revenue by Geographical Region | For the years ended December 31, 2023, 2022, and 2021, revenue by geographical region is as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Revenue by Geographic Region: |  |  |  |  |  |  |  |  |
United States |  | $ | 863,289 |  |  | $ | 1,610,400 |  |  | $ | 909,033 |
International |  |  | 50,953 |  |  |  | 44,635 |  |  |  | 42,340 |
Total |  | $ | 914,242 |  |  | $ | 1,655,035 |  |  | $ | 951,373 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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