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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Fair Value Measurement Inputs and Valuation Techniques | The significant unobservable inputs used in the $288.8 million fair value measurement of these Level 3 equity securities at the Medici Closing are summarized as follows:
Valuation technique |  | Unobservable inputs |  | Range (1) |  | Weighted average (2)
Market approach |  | Enterprise value to revenue multiple |  | 0.88x |  | 0.88x
Discounted cash flows - exit multiple |  | Discount rate |  | 9.0% - 35.0% |  | 32.4%
| Enterprise value to revenue multiple |  | 0.75x - 5.00x |  | 4.40x
| Projected terminal year |  | 2023 - 2027 |  | 2025
| Annual revenue growth rate |  | 1.3% - 124.0% |  | 109.4%
| Annual EBITDA % of revenues |  | 5.2% - 41.2% |  | 36.3%
Discounted cash flows - perpetual growth |  | Discount rate |  | 30.0% |  | 30.0%
| Projected terminal year |  | 2028 |  | 2028
| Perpetual revenue growth rate |  | 3.0% |  | 3.0%
| Annual revenue growth rate |  | 25.7% |  | 25.7%
| Annual EBITDA % of revenues |  | 14.9% |  | 14.9%
__________________________________________ (1) — The range for the Annual revenue growth rate and Annual EBITDA % of revenues are based on the weighted average metrics for the annual periods of the separate cash flow models for the respective component. (2) — Unobservable inputs were weighted by the relative fair value based on the fair value of the underlying components subjected to the identified valuation technique. For projected terminal year, the amount represents the median of the inputs and is not a weighted average.
Disposal Groups, Including Discontinued Operations | Results of discontinued operations through the Medici Closing were as follows (in thousands):
|  |  | Year ended December 31,
|  |  |  |  | 2021 |  | 2020 |  | 2019
Revenue, net |  |  |  |  | $ | 17,394 |  |  | $ | 55,868 |  |  | $ | 24,444 |
Cost of goods sold |  |  |  |  | 13,716 |  |  | 47,691 |  |  | 19,300 |
Gross profit |  |  |  |  | 3,678 |  |  | 8,177 |  |  | 5,144 |
Operating expenses |  |  |  |  |  |  |  |  |
Technology |  |  |  |  | 7,133 |  |  | 20,750 |  |  | 22,315 |
Selling, general, and administrative |  |  |  |  | 13,509 |  |  | 31,916 |  |  | 43,911 |
Total operating expenses |  |  |  |  | 20,642 |  |  | 52,666 |  |  | 66,226 |
Operating loss from discontinued operations |  |  |  |  | (16,964) |  |  | (44,489) |  |  | (61,082) |
Interest income, net |  |  |  |  | 192 |  |  | 600 |  |  | 254 |
Other income (loss), net |  |  |  |  | 4,081 |  |  | (5,441) |  |  | (11,859) |
Gain on deconsolidation |  |  |  |  | 243,541 |  |  | — |  |  | — |
Income (loss) from discontinued operations before income taxes |  |  |  |  | 230,850 |  |  | (49,330) |  |  | (72,687) |
Provision (benefit) for income taxes |  |  |  |  | 13,604 |  |  | (374) |  |  | (875) |
Income (loss) from discontinued operations, net of income taxes |  |  |  |  | $ | 217,246 |  |  | $ | (48,956) |  |  | $ | (71,812) |
Less: Net loss attributable to noncontrolling interests from discontinued operations |  |  |  |  | (335) |  |  | (9,830) |  |  | (12,879) |
Net income (loss) from discontinued operations attributable to stockholders of Overstock.com, Inc. |  |  |  |  | $ | 217,581 |  |  | $ | (39,126) |  |  | $ | (58,933) |
Assets and liabilities of discontinued operations were as follows (in thousands):
| December 31, 2021 |  | December 31, 2020
Cash and cash equivalents | $ | — |  |  | $ | 21,075 |
Other current assets | — |  |  | 13,054 |
Total current assets of discontinued operations | $ | — |  |  | $ | 34,129 |
Property and equipment, net | $ | — |  |  | $ | 8,783 |
Intangible assets, net | — |  |  | 13,852 |
Goodwill | — |  |  | 28,790 |
Equity securities | — |  |  | 45,878 |
Operating lease right-of-use assets | — |  |  | 7,226 |
Other long-term assets, net | — |  |  | 1,626 |
Total long-term assets of discontinued operations | $ | — |  |  | $ | 106,155 |
Accounts payable and accrued liabilities | $ | — |  |  | $ | 11,939 |
Other current liabilities | — |  |  | 1,985 |
Total current liabilities of discontinued operations | $ | — |  |  | $ | 13,924 |
Operating lease liabilities, non-current | — |  |  | 7,099 |
Other long-term liabilities | — |  |  | 586 |
Total long-term liabilities of discontinued operations | $ | — |  |  | $ | 7,685 |

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