XML 52 R39.htm IDEA: XBRL DOCUMENT v3.19.2
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2019
DISCONTINUED OPERATIONS  
Schedule of revenue and net income (loss) of the discontinued operations
The revenue and net loss reported as discontinued operations in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Revenue
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Loss before income taxes
$
(966
)
 
$
(2,914
)
 
$
(2,310
)
 
$
(8,399
)
Income tax benefit
203

 
612

 
485

 
1,764

Net loss
$
(763
)
 
$
(2,302
)
 
$
(1,825
)
 
$
(6,635
)
Schedule of the number of loans sold and the original issue balance
The following table represents the aggregate loans sold, subsequent settlements and remaining unsettled loans.
 
Number of Loans
 
Original Issue Balance
 
(in thousands)
 
(in billions)
Loans sold by HLC
234

 
$
38.9

Subsequent settlements
(172
)
 
(28.8
)
Remaining unsettled balance as of June 30, 2019
62

 
$
10.1
Lending Tree Loans  
DISCONTINUED OPERATIONS  
Schedule of activity related to loss reserves on previously sold loans
The activity related to loss reserves on previously sold loans is as follows (in thousands):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Loan loss reserve, beginning of period
$
7,554

 
$
7,554

 
$
7,554

 
$
7,554

Provisions
—

 
—

 
—

 
—

Charge-offs to reserves
—

 
—

 
—

 
—

Loan loss reserve, end of period
$
7,554

 
$
7,554

 
$
7,554

 
$
7,554