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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Reclassification of Prior Year Balances

Certain prior year balances have been reclassified to conform to the current year presentation. Historically, certain costs related to severance, transformation and other exit costs; costs associated with a stockholder activist campaign; transaction-related costs; and the write-off of long-lived assets were reflected in various operating expense line items in the Consolidated and Combined Statements of (Loss) Income. Beginning on January 1, 2019, these costs are reflected within General and administrative expenses and certain prior year balances have been reclassified to conform to the current year presentation and are summarized in the table below (in thousands). There is no change to Operating (loss) income as a result of these reclassifications. No such adjustments were required for the year ended December 31, 2017.

	Year Ended December 31, 2018
	As Reported		Adjustments			As Adjusted
Cost of revenue and operations	$	92,367	$	(1,934	)	$	90,433
Product and technology		73,970		(5,181	)		68,789
Marketing and sales		232,884		(6,144	)		226,740
General and administrative		59,684		13,259			72,943
Affiliate revenue share		15,488		—			15,488
Depreciation and amortization		103,810		—			103,810
Total operating expenses	$	578,203	$	—		$	578,203

Schedule of Property and Equipment Recorded at Cost and Depreciated on Straight-line Basis Over Estimated Useful Lives

Property and equipment are recorded at cost and depreciated on a straight-line basis over the estimated useful lives as follows (in thousands):

	December 31,
Asset	2019			2018			Estimated Useful Life
Computer software	$	46,636		$	29,300		18 months - 5 years
Computer hardware		19,429			19,461		3 - 5 years
Furniture and fixtures		4,757			4,970		10 years
Leasehold improvements		19,151			18,594		Lesser of useful life or lease term
Property and equipment, gross		89,973			72,325
Less: Accumulated depreciation		(46,277	)		(30,843	)
Property and equipment, net	$	43,696		$	41,482

Schedule of Amortizable Intangible Assets Amortized on Straight-line Basis over Estimated Useful Lives

Amortizable intangible assets are amortized on a straight-line basis over the estimated useful lives as follows:

Intangible Asset		Estimated Useful Life
Acquired software		2 - 7 years
Content library		2 years
Customer relationships		3 - 14 years
Non-compete agreements		5 years
Other trade names		10 - 12 years