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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue, net        
Total net revenue $ 391,211 $ 352,991 $ 1,177,568 $ 1,026,743
Cost of goods sold        
Total cost of goods sold 318,760 285,933 956,023 833,064
Gross profit 72,451 67,058 221,545 193,679
Operating expenses:        
Sales and marketing [1] 30,062 25,428 86,121 72,363
Technology [1] 25,084 22,202 72,230 63,211
General and administrative [1] 20,676 17,073 60,639 48,250
Restructuring 0 0 0 (360)
Total operating expenses 75,822 64,703 218,990 183,464
Operating income (loss) (3,371) 2,355 2,555 10,215
Interest income 37 36 118 114
Interest expense (62) (11) (74) (30)
Other income (expense), net 764 (350) 2,532 633
Income (loss) before income taxes (2,632) 2,030 5,131 10,932
Provision (benefit) for income taxes (15) 413 3,774 3,436
Consolidated net income (loss) (2,617) 1,617 1,357 7,496
Less: Net loss attributable to noncontrolling interests (546) 0 (979) 0
Net income (loss) attributable to stockholders of Overstock.com, Inc. $ (2,071) $ 1,617 $ 2,336 $ 7,496
Net income (loss) per common share—basic:        
Net income attributable to common shares-basic (in dollars per share) $ (0.08) $ 0.07 $ 0.10 $ 0.31
Weighted average common shares outstanding-basic (in shares) 24,681 24,027 24,402 23,988
Net income (loss) per common share—diluted:        
Net income attributable to common shares-diluted (in dollars per share) $ (0.08) $ 0.07 $ 0.10 $ 0.31
Weighted average common shares outstanding-diluted (in shares) 24,681 24,283 24,513 24,290
Direct        
Revenue, net        
Total net revenue $ 33,621 $ 33,592 $ 104,184 $ 104,854
Cost of goods sold        
Total cost of goods sold 31,989 29,385 95,751 91,955
Gross profit 1,632 4,207 8,433 12,899
Partner        
Revenue, net        
Total net revenue 357,590 319,399 1,073,384 921,889
Cost of goods sold        
Total cost of goods sold 286,771 256,548 860,272 741,109
Gross profit $ 70,819 $ 62,851 $ 213,112 $ 180,780
[1] (1) Includes stock-based compensation as follows (Note 7): Cost of goods sold — direct $52 $45 $129 $130 Sales and marketing 50 77 140 255 Technology 165 183 491 550 General and administrative 572 693 1,817 2,014 Total $839 $998 $2,577 $2,949