Segment Information and Revenues (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Information on Reportable Segments for Reconciliation to Consolidated Net Income

Information on reportable segments currently presented to our chief operating decision maker and a reconciliation to consolidated net income (loss) are presented below (in thousands):

	Three Months Ended March 31,
	2020		2019
Revenue:
Wealth Management	$	144,989	$	89,532
Tax Preparation	118,331		136,236
Total revenue	263,320		225,768
Operating income:
Wealth Management	22,598		11,540
Tax Preparation	37,753		79,272
Corporate-level activity	(302,190)		(20,699)
Total operating income (loss)	(241,839)		70,113
Other loss, net	(6,135)		(3,958)
Income tax expense	(67,520)		(3,985)
Net income (loss) attributable to Blucora, Inc.	$	(315,494)	$	62,170

Schedule of Segment Reporting Information, by Segment

Revenues by major category within each segment are presented below (in thousands):

	Three Months Ended March 31,
	2020		2019
Wealth Management:
Advisory	$	78,757	$	39,757
Commission	50,580		37,160
Asset-based	10,579		9,693
Transaction and fee	5,073		2,922
Total Wealth Management revenue	$	144,989	$	89,532
Tax Preparation:
Consumer	$	103,821	$	123,942
Professional	14,510		12,294
Total Tax Preparation revenue	$	118,331	$	136,236

Disaggregation of Revenue

The timing of Wealth Management revenue recognition was as follows (in thousands):

	Three months ended March 31,
	2020						2019
	Recognized Upon Transaction		Recognized Over Time		Total		Recognized Upon Transaction		Recognized Over Time		Total
Advisory revenue	$	—	$	78,757	$	78,757	$	—	$	39,757	$	39,757
Commission revenue	23,381		27,199		50,580		15,684		21,476		37,160
Asset-based revenue	—		10,579		10,579		—		9,693		9,693
Transaction and fee revenue	1,859		3,214		5,073		770		2,152		2,922
Total Wealth Management revenue	$	25,240	$	119,749	$	144,989	$	16,454	$	73,078	$	89,532

The timing of Tax Preparation revenue recognition was as follows (in thousands):

	Three months ended March 31,
	2020						2019
	Recognized Upon Transaction		Recognized Over Time		Total		Recognized Upon Transaction		Recognized Over Time		Total
Consumer	$	103,821	$	—	$	103,821	$	123,015	$	927	$	123,942
Professional	12,994		1,516		14,510		10,842		1,452		12,294
Total Tax Preparation revenue	$	116,815	$	1,516	$	118,331	$	133,857	$	2,379	$	136,236