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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue, net        
Total net revenue $ 441,564 $ 391,211 $ 1,273,781 $ 1,177,568
Cost of goods sold        
Total cost of goods sold 361,848 318,760 1,040,436 956,023
Gross profit 79,716 72,451 233,345 221,545
Operating expenses:        
Sales and marketing [1] 34,707 30,062 99,516 86,121
Technology [1] 26,739 25,084 78,249 72,230
General and administrative [1] 23,317 20,676 67,843 60,639
Litigation settlement 0 0 (19,520) 0
Total operating expenses 84,763 75,822 226,088 218,990
Operating income (loss) (5,047) (3,371) 7,257 2,555
Interest income 73 37 228 118
Interest expense (212) (62) (219) (74)
Other income, net 1,251 764 9,399 2,532
Income (loss) before income taxes (3,935) (2,632) 16,665 5,131
Provision (benefit) for income taxes (543) (15) 8,178 3,774
Consolidated net income (loss) (3,392) (2,617) 8,487 1,357
Less: Net loss attributable to noncontrolling interests (294) (546) (940) (979)
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 attributable to common shares-basic (in dollars per share) $ (0.12) $ (0.08) $ 0.37 $ 0.10
Weighted average common shares outstanding-basic (in shares) 25,356 24,681 25,326 24,402
Net income (loss) per common share—diluted:        
Net income attributable to common shares-diluted (in dollars per share) $ (0.12) $ (0.08) $ 0.37 $ 0.10
Weighted average common shares outstanding-diluted (in shares) 25,356 24,681 25,388 24,513
Direct        
Revenue, net        
Total net revenue $ 24,620 $ 33,621 $ 75,901 $ 104,184
Cost of goods sold        
Total cost of goods sold 23,955 31,989 72,459 95,751
Gross profit 665 1,632 3,442 8,433
Partner and other        
Revenue, net        
Total net revenue 416,944 357,590 1,197,880 1,073,384
Cost of goods sold        
Total cost of goods sold $ 337,893 $ 286,771 $ 967,977 $ 860,272
[1] (1) Includes stock-based compensation as follows (Note 7): Cost of goods sold — direct $69 $52 $200 $129 Sales and marketing 102 50 234 140 Technology 210 165 615 491 General and administrative 1,009 572 3,056 1,817 Total $1,390 $839 $4,105 $2,577