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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company manages its business and reports its financial results through the following three operating and reportable segments: Home, Consumer, and Insurance. Characteristics which were relied upon in making the determination of the reportable segments include the nature of the products, the organization's internal structure, and the information that is regularly reviewed by the CODM for the purpose of assessing performance and allocating resources. The Home segment includes the following products: purchase mortgage, refinance mortgage, and home equity loans and lines of credit. We ceased offering reverse mortgage loans in the fourth quarter of 2022. The Consumer segment includes the following products: credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The credit repair business was closed at the end of the second quarter of 2023. The Insurance segment consists of insurance quote products and sales of insurance policies in our agency businesses. The following tables are a reconciliation of segment profit, which is the Company's primary segment profitability measure, to income before income taxes and discontinued operations. Segment cost of revenue and marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses, that are directly attributable to the segments' products. This measure excludes overhead, fixed costs and personnel-related expenses.
| Year Ended December 31, 2023
| Home | Consumer | Insurance | Other | Total
| (in thousands)
Revenue | $ | 143,753 |  | $ | 278,945 |  | $ | 249,605 |  | $ | 199 |  | $ | 672,502 |
Segment cost of revenue and marketing expense | 95,871 |  | 140,068 |  | 146,101 |  | 708 |  | 382,748 |
Segment profit (loss) | 47,882 |  | 138,877 |  | 103,504 |  | (509) |  | 289,754 |
Cost of revenue |  |  |  |  | 38,758 |
Brand and other marketing expense |  |  |  |  | 50,840 |
General and administrative expense |  |  |  |  | 117,700 |
Product development |  |  |  |  | 47,197 |
Depreciation |  |  |  |  | 19,070 |
Amortization of intangibles |  |  |  |  | 7,694 |
Goodwill impairment |  |  |  |  | 38,600 |
Restructuring and severance |  |  |  |  | 10,118 |
Litigation settlements and contingencies |  |  |  |  | 388 |
Operating loss |  |  |  |  | (40,611) |
Interest income, net |  |  |  |  | 21,685 |
Other expense |  |  |  |  | (105,993) |
Loss before income taxes |  |  |  |  | $ | (124,919) |
| Year Ended December 31, 2022
| Home | Consumer | Insurance | Other | Total
| (in thousands)
Revenue | $ | 289,383 |  | $ | 396,109 |  | $ | 299,073 |  | $ | 427 |  | $ | 984,992 |
Segment cost of revenue and marketing expense | 186,299 |  | 221,531 |  | 207,239 |  | 982 |  | 616,051 |
Segment profit (loss) | 103,084 |  | 174,578 |  | 91,834 |  | (555) |  | 368,941 |
Cost of revenue |  |  |  |  | 57,769 |
Brand and other marketing expense |  |  |  |  | 86,187 |
General and administrative expense |  |  |  |  | 152,383 |
Product development |  |  |  |  | 55,553 |
Depreciation |  |  |  |  | 20,095 |
Amortization of intangibles |  |  |  |  | 25,306 |
Restructuring and severance |  |  |  |  | 4,428 |
Litigation settlements and contingencies |  |  |  |  | (18) |
Operating loss |  |  |  |  | (32,762) |
Interest expense, net |  |  |  |  | (26,014) |
Other income |  |  |  |  | 3,843 |
Loss before income taxes |  |  |  |  | $ | (54,933) |
| Year Ended December 31, 2021
| Home | Consumer | Insurance | Other | Total
| (in thousands)
Revenue | $ | 441,738 |  | $ | 329,945 |  | $ | 326,153 |  | $ | 663 |  | $ | 1,098,499 |
Segment cost of revenue and marketing expense | 288,386 |  | 186,448 |  | 212,689 |  | 610 |  | 688,133 |
Segment profit | 153,352 |  | 143,497 |  | 113,464 |  | 53 |  | 410,366 |
Cost of revenue |  |  |  |  | 57,297 |
Brand and other marketing expense |  |  |  |  | 85,857 |
General and administrative expense |  |  |  |  | 153,472 |
Product development |  |  |  |  | 52,865 |
Depreciation |  |  |  |  | 17,910 |
Amortization of intangibles |  |  |  |  | 42,738 |
Change in fair value of contingent consideration |  |  |  |  | (8,249) |
Restructuring and severance |  |  |  |  | 53 |
Litigation settlements and contingencies |  |  |  |  | 392 |
Operating income |  |  |  |  | 8,031 |
Interest expense, net |  |  |  |  | (46,867) |
Other income |  |  |  |  | 123,272 |
Income before income taxes and discontinued operations |  |  |  |  | $ | 84,436 |
The CODM does not review information on segment assets and as such, no segment asset information is reported herein.

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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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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