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Consolidated and Combined Statements of (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Total revenue $ 606,682 $ 662,127 $ 626,262
Operating expenses:      
Cost of revenue and operations 99,549 90,433 65,541
Product and technology 62,859 68,789 74,162
Marketing and sales 217,432 226,740 209,813
General and administrative 73,772 72,943 44,903
Affiliate revenue share 20,790 15,488 8,948
Depreciation and amortization 116,877 103,810 88,639
Goodwill and intangible asset impairment 461,463 0 0
Total operating expenses 1,052,742 578,203 492,006
Operating (loss) income (446,060) 83,924 134,256
Nonoperating (expense) income:      
Interest expense, net (30,774) (27,717) (12,371)
Other income, net 1,555 722 277
Total nonoperating expense, net (29,219) (26,995) (12,094)
(Loss) income before income taxes (475,279) 56,929 122,162
Income tax (benefit) expense (29,955) 18,120 (102,281)
Net (loss) income $ (445,324) $ 38,809 $ 224,443
Weighted-average common shares outstanding:      
Basic 66,995 70,318 71,661
Diluted 66,995 70,547 71,727
(Loss) earnings per share:      
Basic $ (6.65) $ 0.55 $ 3.13
Diluted $ (6.65) $ 0.55 $ 3.13
Retail      
Revenue:      
Total revenue $ 572,311 $ 579,188 $ 463,280
Wholesale      
Revenue:      
Total revenue [1] $ 34,371 $ 82,939 $ 162,982
[1] For information related to related party transactions, see Note 16 (Related Party).