XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net revenue $ 528,122 $ 794,536 $ 1,064,159 $ 1,454,397
Cost of goods sold 407,017 619,710 817,842 1,126,047
Gross profit 121,105 174,826 246,317 328,350
Operating expenses        
Sales and marketing 57,940 85,272 116,453 158,810
Technology 30,542 30,383 63,531 60,906
General and administrative 21,081 22,660 42,337 45,531
Total operating expenses 109,563 138,315 222,321 265,247
Operating income 11,542 36,511 23,996 63,103
Interest income (expense), net 115 (130) (10) (285)
Other income (expense), net (1,981) 298 (2,095) 72
Income from continuing operations before income taxes 9,676 36,679 21,891 62,890
Provision (benefit) for income taxes 2,529 (45,726) 4,621 (45,533)
Income from continuing operations 7,147 82,405 17,270 108,423
Income from discontinued operations, net of income taxes 0 227,372 0 217,246
Consolidated net income 7,147 309,777 17,270 325,669
Less: Net loss attributable to noncontrolling interests from discontinued operations 0 (134) 0 (335)
Net income attributable to stockholders of Overstock.com, Inc. $ 7,147 $ 309,911 $ 17,270 $ 326,004
Income (Loss) from Continuing Operations, Per Basic Share $ 0.12 $ 1.73 $ 0.33 $ 2.27
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 4.78 0 4.58
Net income attributable to common shares—basic 0.12 6.51 0.33 6.85
Income (Loss) from Continuing Operations, Per Diluted Share 0.12 1.72 0.33 2.26
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0 4.75 0 4.54
Net income attributable to common shares—diluted $ 0.12 $ 6.47 $ 0.33 $ 6.80
Weighted average shares of common stock outstanding:        
Basic 43,072 43,009 43,062 42,948
Diluted 43,159 43,314 43,221 43,317