BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of information about reportable segments

The following table summarizes information about reportable segments and a reconciliation to consolidated net income (loss) for the years ended December 31, 2019, 2018 and 2017 (in thousands):

	Retail			tZERO			MVI			Other			Total
2019
Revenue, net	$	1,434,974		$	21,582		$	2,749		$	113		$	1,459,418
Cost of goods sold	1,147,025			16,551			2,749			—			1,166,325
Gross profit	287,949			5,031			—			113			293,093
Operating expenses (1)	332,372			54,911			14,778			14,521			416,582
Interest and other income (expense), net (2)	559			2,442			(14,039		)	(8		)	(11,046		)
Pre-tax loss	$	(43,864	)	$	(47,438	)	$	(28,817	)	$	(14,416	)	(134,535		)
Provision for income taxes													185
Net loss (3)													$	(134,720	)
2018
Revenue, net	$	1,800,187		$	19,043		$	2,362		$	—		$	1,821,592
Cost of goods sold	1,452,195			13,127			2,362			—			1,467,684
Gross profit	347,992			5,916			—			—			353,908
Operating expenses	506,113			47,006			8,316			9,679			571,114
Interest and other income (expense), net (2)	(476		)	233			(2,498		)	(7		)	(2,748		)
Pre-tax loss	$	(158,597	)	$	(40,857	)	$	(10,814	)	$	(9,686	)	(219,954		)
Benefit for income taxes													(2,384		)
Net loss (3)													$	(217,570	)

	Retail			tZERO			MVI			Other		Total
2017
Revenue, net	$	1,728,104		$	16,493		$	159		$	—	$	1,744,756
Cost of goods sold	1,392,558			11,647			—			—		1,404,205
Gross profit	335,546			4,846			159			—		340,551
Operating expenses	365,648			17,101			4,436			—		387,185
Interest and other income (expense), net (2)	4,680			—			(5,780		)	—		(1,100		)
Pre-tax loss	$	(25,422	)	$	(12,255	)	$	(10,057	)	$	—	(47,734		)
Provision for income taxes												64,188
Net loss (3)												$	(111,922	)

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(1) — Corporate support costs for the year ended December 31, 2019 have been allocated $42.0 million, $6.0 million, $4.2 million, and $7.8 million, to Retail, tZERO, MVI, and Other, respectively. Unallocated corporate support costs of $6.0 million are included in Other.

(2) — Excludes intercompany transactions eliminated in consolidation, which consist primarily of service fees and interest. The net amounts of these intercompany transactions were $2.7 million, $3.5 million, and $2.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.

(3) — Net loss presented for segment reporting purposes is before any adjustments attributable to noncontrolling interests.