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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
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 techniqueUnobservable inputsRange (1)Weighted average (2)
Market approachEnterprise value to revenue multiple
0.88x
0.88x
Discounted cash flows - exit multipleDiscount rate
9.0% - 35.0%
32.4%
Enterprise value to revenue multiple
0.75x - 5.00x
4.40x
Projected terminal year2023 - 20272025
Annual revenue growth rate
1.3% - 124.0%
109.4%
Annual EBITDA % of revenues
5.2% - 41.2%
36.3%
Discounted cash flows - perpetual growthDiscount rate30.0%30.0%
Projected terminal year20282028
Perpetual revenue growth rate3.0%3.0%
Annual revenue growth rate25.7%25.7%
Annual EBITDA % of revenues14.9%14.9%
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(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,
202120202019
Revenue, net$17,394 $55,868 $24,444 
Cost of goods sold13,716 47,691 19,300 
Gross profit3,678 8,177 5,144 
Operating expenses
Technology7,133 20,750 22,315 
Selling, general, and administrative13,509 31,916 43,911 
Total operating expenses20,642 52,666 66,226 
Operating loss from discontinued operations(16,964)(44,489)(61,082)
Interest income, net192 600 254 
Other income (loss), net4,081 (5,441)(11,859)
Gain on deconsolidation243,541 — — 
Income (loss) from discontinued operations before income taxes230,850 (49,330)(72,687)
Provision (benefit) for income taxes13,604 (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