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Segment Information | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The segment information reported in the tables below reflects the operating results that are regularly reviewed by the Company's chief operating decision maker to assess performance and make resource allocation decisions. The Company previously organized its operations into three operating segments: North America, EMEA and Rest of World. As a result of the dispositions discussed in Note 2, Discontinued Operations and Other Business Dispositions, which represented a substantial majority of the Company's international operations outside of EMEA and resulted in changes to the Company's internal reporting and leadership structure, the Company updated its segments in the first quarter of 2017 to report two operating segments: North America and International. The Company's operating segments continue to be the same as its reportable segments. In addition, the Company has changed its measure of segment profitability in the first quarter of 2017. Historically, segment operating results reflected operating income (loss) excluding stock-based compensation and acquisition-related expense (benefit), net. In connection with the internal reporting changes in the first quarter of 2017, the measure of segment profitability has been changed to operating income (loss), unadjusted. Prior period segment information has been retrospectively adjusted to reflect those changes. The Company offers goods and services through its online local commerce marketplaces in three primary categories: Local, Goods and Travel. The Company also earns advertising revenue and commission revenue generated when customers make purchases with retailers using digital coupons accessed through the Company's websites and mobile applications. Revenue and gross profit from those other sources, which are primarily generated through the Company's relationships with local and national merchants, are included within the Local category in the tables below. The following table summarizes revenue by reportable segment for the three and nine months ended September 30, 2017 and 2016 (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
North America |  |  |  |  |  |  |  |
Local - Third-party and other |  | $ | 194,090 |  |  | $ | 176,223 |  |  | $ | 602,169 |  |  | $ | 552,515 |
Goods: |  |  |  |  |  |  |  |
Third-party |  | 4,323 |  |  | 1,964 |  |  | 10,139 |  |  | 6,318 |
Direct |  | 197,501 |  |  | 283,855 |  |  | 666,093 |  |  | 878,629 |
Travel - Third-party |  | 18,300 |  |  | 21,239 |  |  | 61,082 |  |  | 63,554 |
Total North America revenue (1) |  | $ | 414,214 |  |  | $ | 483,281 |  |  | $ | 1,339,483 |  |  | $ | 1,501,016 |
International |  |  |  |  |  |  |  |
Local - Third-party and other |  | $ | 71,574 |  |  | $ | 64,282 |  |  | $ | 201,257 |  |  | $ | 201,145 |
Goods: |  |  |  |  |  |  |  |
Third-party |  | 4,370 |  |  | 6,577 |  |  | 13,638 |  |  | 26,867 |
Direct |  | 134,507 |  |  | 118,891 |  |  | 384,734 |  |  | 342,107 |
Travel - Third-party |  | 9,801 |  |  | 13,524 |  |  | 31,599 |  |  | 37,615 |
Total International revenue (1) |  | $ | 220,252 |  |  | $ | 203,274 |  |  | $ | 631,228 |  |  | $ | 607,734 |
(1) | North America includes revenue from the United States of $410.5 million and $476.3 million for the three months ended September 30, 2017 and 2016, respectively, and $1,317.9 million and $1,477.7 million for the nine months ended September 30, 2017 and 2016, respectively. International includes revenue from the United Kingdom of $82.2 million and $73.5 million for the three months ended September 30, 2017 and 2016, respectively, and $222.1 million and $225.9 million for the nine months ended September 30, 2017 and 2016, respectively. There were no other individual countries that represented more than 10% of consolidated total revenue for the three and nine months ended September 30, 2017 and 2016. In prior periods, revenue was attributed to individual countries based on the domicile of the legal entities within the Company's consolidated group that undertook those transactions. Beginning in the second quarter of 2017, the Company updated its attribution of revenue by country in the current period to be based on the location of the customer. Prior period revenue amounts by country have been retrospectively adjusted to reflect that change in attribution.
The following table summarizes gross profit by reportable segment for the three and nine months ended September 30, 2017 and 2016 (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
North America |  |  |  |  |  |  |  |
Local - Third-party and other |  | $ | 162,914 |  |  | $ | 152,873 |  |  | $ | 511,865 |  |  | $ | 475,703 |
Goods: |  |  |  |  |  |  |  |
Third-party |  | 3,205 |  |  | 1,509 |  |  | 7,719 |  |  | 5,201 |
Direct |  | 27,729 |  |  | 30,022 |  |  | 96,141 |  |  | 104,571 |
Travel - Third-party |  | 14,060 |  |  | 17,257 |  |  | 46,980 |  |  | 49,303 |
Total North America gross profit |  | $ | 207,908 |  |  | $ | 201,661 |  |  | $ | 662,705 |  |  | $ | 634,778 |
International |  |  |  |  |  |  |  |
Local - Third-party and other |  | $ | 67,860 |  |  | $ | 59,257 |  |  | $ | 189,357 |  |  | $ | 186,448 |
Goods: |  |  |  |  |  |  |  |
Third-party |  | 3,639 |  |  | 5,698 |  |  | 11,800 |  |  | 23,249 |
Direct |  | 21,096 |  |  | 14,274 |  |  | 54,127 |  |  | 50,168 |
Travel - Third-party |  | 8,922 |  |  | 12,378 |  |  | 28,954 |  |  | 34,104 |
Total International gross profit |  | $ | 101,517 |  |  | $ | 91,607 |  |  | $ | 284,238 |  |  | $ | 293,969 |
The following table summarizes operating income by reportable segment for the three and nine months ended September 30, 2017 and 2016 (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Operating income (loss) (1) (2) (3): |  |  |  |  |  |  |  |
North America |  | $ | (6,995 | ) |  | $ | (24,470 | ) |  | $ | (33,811 | ) |  | $ | (97,688 | )
International |  | 5,782 |  |  | (370 | ) |  | 13,520 |  |  | (12,053 | )
Total operating income (loss) |  | $ | (1,213 | ) |  | $ | (24,840 | ) |  | $ | (20,291 | ) |  | $ | (109,741 | )
(1) | Includes stock-based compensation of $16.9 million and $24.8 million for North America and $1.4 million and $0.7 million for International for the three months ended September 30, 2017 and 2016, respectively, and $55.2 million and $81.2 million for North America and $4.1 million and $5.8 million for International for the nine months ended September 30, 2017 and 2016, respectively.
(2) | Includes acquisition-related (benefit) expense, net of $4.3 million for North America for the nine months ended September 30, 2016.
(3) | Includes restructuring charges of $7.0 million (which includes $0.8 million of stock-based compensation) and $1.0 million for North America and $4.5 million and $0.2 million for International for the three months ended September 30, 2017 and 2016, respectively, and $11.9 million (which includes $0.8 million of stock-based compensation) and $9.4 million (which includes $2.6 million of stock-based compensation) for North America and $6.9 million and $19.0 million (which includes $2.1 million of stock-based compensation) for International for the nine months ended September 30, 2017 and 2016, respectively.
The following table summarizes the Company's total assets by reportable segment as of September 30, 2017 and December 31, 2016 (in thousands):
| September 30, 2017 |  | December 31, 2016
North America (1) | $ | 877,353 |  |  | $ | 1,122,261 |
International (1) | 550,743 |  |  | 563,864 |
Assets of discontinued operations | — |  |  | 75,252 |
Consolidated total assets | $ | 1,428,096 |  |  | $ | 1,761,377 |
(1) | North America contains assets from the United States of $854.1 million and $1,057.6 million as of September 30, 2017 and December 31, 2016, respectively. International contains assets from Ireland of $152.6 million and $203.2 million as of September 30, 2017 and December 31, 2016, respectively. There were no other individual countries that represented more than 10% of consolidated total assets as of September 30, 2017 and December 31, 2016.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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