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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Total revenue $ 395,646 $ 532,577 $ 769,796 $ 1,110,987
Cost of revenue:        
Total cost of revenue 258,420 240,445 431,323 512,839
Gross profit 137,226 292,132 338,473 598,148
Operating expenses:        
Marketing 25,242 88,923 85,372 182,320
Selling, general and administrative 143,619 210,395 350,760 420,886
Goodwill impairment 0 0 109,486 0
Long-lived asset impairment 0 0 22,351 0
Restructuring and related charges 40,478 (47) 40,478 (114)
Total operating expenses 209,339 299,271 608,447 603,092
Income (loss) from operations (72,113) (7,139) (269,974) (4,944)
Other income (expense), net (1,695) (28,494) (20,682) (75,349)
Income (loss) from continuing operations before provision (benefit) for income taxes (73,808) (35,633) (290,656) (80,293)
Provision (benefit) for income taxes (696) 2,012 (6,684) (1,478)
Income (loss) from continuing operations (73,112) (37,645) (283,972) (78,815)
Income (loss) from discontinued operations, net of tax 0 0 382 2,162
Net income (loss) (73,112) (37,645) (283,590) (76,653)
Net (income) loss attributable to noncontrolling interests 995 (2,601) (2,049) (6,080)
Net income (loss) attributable to Groupon, Inc. $ (72,117) $ (40,246) $ (285,639) $ (82,733)
Basic and diluted net income (loss) per share:        
Continuing operations (in usd per share) [1] $ (2.53) $ (1.42) $ (10.06) $ (2.98)
Discontinued operations (in usd per share) [1] 0 0 0.01 0.08
Basic and diluted net income (loss) per share (in usd per share) [1] $ (2.53) $ (1.42) $ (10.05) $ (2.90)
Weighted average number of shares outstanding        
Basic (in shares) [1] 28,493,258 28,398,123 28,426,308 28,450,703
Diluted (in shares) [1] 28,493,258 28,398,123 28,426,308 28,450,703
Comprehensive income (loss):        
Net change in unrealized gain (loss) on foreign currency translation adjustments $ (7,632) $ (3,285) $ (9,593) $ (13)
Net change in unrealized gain (loss) on available-for-sale securities (net of tax effect of $0 and $(48) for the three months ended June 30, 2020 and 2019 and $0 and $(35) for the six months ended June 30, 2020 and 2019) 0 (145) 0 (104)
Other comprehensive income (loss) (7,632) (3,430) (9,593) (117)
Comprehensive income (loss) (80,744) (41,075) (293,183) (76,770)
Comprehensive (income) loss attributable to noncontrolling interest 995 (2,601) (2,049) (6,080)
Comprehensive income (loss) attributable to Groupon, Inc. (79,749) (43,676) (295,232) (82,850)
Service        
Revenue:        
Total revenue 112,377 277,603 319,405 563,430
Cost of revenue:        
Total cost of revenue 16,242 28,595 43,157 57,222
Product        
Revenue:        
Total revenue 283,269 254,974 450,391 547,557
Cost of revenue:        
Total cost of revenue 242,178 211,850 388,166 455,617
Continuing Operations        
Comprehensive income (loss):        
Other comprehensive income (loss) (7,632) (3,430) (9,593) (117)
Discontinued Operations, Disposed of by Sale        
Comprehensive income (loss):        
Other comprehensive income (loss) $ 0 $ 0 $ 0 $ 0
[1] All share and per share information has been retroactively adjusted to reflect a reverse stock split. See Note 7, Stockholders' Equity and Compensation Arrangements for additional information.