ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedule of fair value of financial instruments using levels of inputs

The following tables summarize our assets and liabilities measured at fair value on a recurring basis using the following levels of inputs as of September 30, 2016 and December 31, 2015 as indicated (in thousands):

	Fair Value Measurements at September 30, 2016:
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents - Money market mutual funds	$	45,149	$	45,149	$	—	$	—
Trading securities held in a “rabbi trust” (1)	55		55		—		—
Total assets	$	45,204	$	45,204	$	—	$	—
Liabilities:
Derivatives (2)	$	4,256	$	—	$	4,256	$	—
Deferred compensation accrual “rabbi trust” (3)	57		57		—		—
Total liabilities	$	4,313	$	57	$	4,256	$	—

	Fair Value Measurements at December 31, 2015:
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents - Money market mutual funds	$	28,102	$	28,102	$	—	$	—
Trading securities held in a “rabbi trust” (1)	68		68		—		—
Total assets	$	28,170	$	28,170	$	—	$	—
Liabilities:
Derivatives (2)	$	2,356	$	—	$	2,356	$	—
Deferred compensation accrual “rabbi trust” (3)	70		70		—		—
Total liabilities	$	2,426	$	70	$	2,356	$	—

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(1) — Trading securities held in a rabbi trust are included in Prepaids and other current assets and Other long-term assets, net in the consolidated balance sheets.

(2) — Derivative financial instruments are included in Other current liabilities, net and Other long-term liabilities in the consolidated balance sheets.

(3) — Non qualified deferred compensation in a rabbi trust is included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheets.

Schedule of estimated useful lives of the fixed assets

The estimated useful lives of our fixed assets are as follows: 

	Life (years)
Building	40
Land improvements	20
Building machinery and equipment	15-20
Furniture and equipment	5-7
Computer hardware	3-4
Computer software	2-4

Schedule of depreciation and amortization expense which is classified within the corresponding operating expense categories on the consolidated statements of income

Depreciation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands): 

	Three months ended  September 30,				Nine months ended  September 30,
	2016		2015		2016		2015
Cost of goods sold - direct	$	77	$	73	$	235	$	206
Technology	6,952		5,875		18,755		16,331
Marketing	29		—		29		—
General and administrative	357		284		691		847
Total depreciation, including internal-use software and website development	$	7,415	$	6,232	$	19,710	$	17,384

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table shows the effect of derivative financial instruments that were designated as accounting hedges for the period indicated (in thousands): 

Cash flow hedges	Amount of gain (loss) recognized in OCI on derivative (effective portion) net of tax			Location of gain (loss) reclassified from Accumulated OCI into operations (effective portion)	Amount of gain (loss) reclassified from Accumulated OCI into operations (effective portion)		Location of gain (loss) recognized in operations on derivative (ineffective portion)	Amount of gain (loss) recognized in operations on derivative (ineffective portion)
Three months ended September 30, 2016
Interest rate swap	$	(64	)	Interest expense	$	1	Other income (expense)	$	—
Nine months ended September 30, 2016
Interest rate swap	$	(1,624	)	Interest expense	$	1	Other income (expense)	$	—

Schedule of Interest Rate Derivatives [Table Text Block]

The following table provides the outstanding notional balances and fair values of derivative financial instruments that were designated as accounting hedges outstanding positions for the dates indicated, and recorded gains/(losses) during the periods indicated (in thousands):

Cash flow hedges	Location in balance sheet	Expiration date	Outstanding notional		Fair value			Beginning gains (losses)			Gains (losses) recorded during period (1)			Ending gains (losses)
Three months ended September 30, 2016
Interest rate swap	Current and Other long-term liabilities	2023	$	45,054	$	(4,256	)	$	(4,683	)	$	427		$	(4,256	)
Nine months ended September 30, 2016
Interest rate swap	Current and Other long-term liabilities	2023	$	45,054	$	(4,256	)	$	(2,397	)	$	(1,859	)	$	(4,256	)

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(1) — Gains (losses) recorded during the period are presented gross of the related tax impact.

Schedule of costs of goods sold, including product cost and other costs and fulfillment and related costs

Cost of goods sold, including product cost and other costs and fulfillment and related costs are as follows (in thousands):

	Three months ended  September 30,								Nine months ended  September 30,
	2016				2015				2016				2015
Total revenue, net	$	441,564	100	%	$	391,211	100	%	$	1,273,781	100	%	$	1,177,568	100	%
Cost of goods sold
Product costs and other cost of goods sold	343,401		78	%	301,164		77	%	985,603		77	%	903,720		77	%
Fulfillment and related costs	18,447		4	%	17,596		4	%	54,833		4	%	52,303		4	%
Total cost of goods sold	361,848		82	%	318,760		81	%	1,040,436		82	%	956,023		81	%
Gross profit	$	79,716	18	%	$	72,451	19	%	$	233,345	18	%	$	221,545	19	%

Schedule of computation of basic and diluted net income per common share

The following table sets forth the computation of basic and diluted net income per common share for the periods indicated (in thousands, except per share data):

	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016		2015
Net income (loss) attributable to stockholders of Overstock.com, Inc.	$	(3,098	)	$	(2,071	)	$	9,427	$	2,336
Net income (loss) per common share—basic:
Net income (loss) attributable to common shares—basic	$	(0.12	)	$	(0.08	)	$	0.37	$	0.10
Weighted average common shares outstanding—basic	25,356			24,681			25,326		24,402
Effect of dilutive securities:
Stock options and restricted stock awards	—			—			62		111
Weighted average common shares outstanding—diluted	25,356			24,681			25,388		24,513
Net income (loss) attributable to common shares—diluted	$	(0.12	)	$	(0.08	)	$	0.37	$	0.10

Schedule of anti-dilutive securities excluded from the calculation of diluted shares outstanding

The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):

	Three months ended September 30,		Nine months ended September 30,
	2016	2015	2016	2015
Stock options and restricted stock units	765	566	536	262